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Its day 88 covering the Obama administration and week 11 for us. What we know and what we’re reading this Friday morning…
NYT plans to do away with several weekly sections “in a bid to save millions of dollars” in ink, paper and freelance reporter costs. On the chopping block are Escapes, the regular fashion layout in the magazine, and regional weekly sections. NYT: The guide to each day’s newspaper, which is now printed on the second, third, and fourth pages of the first section, will be consolidated into a single page.
Reuters: Gannett posted a 60 percent drop in quarterly profit because of lower advertising revenue, but cost cuts helped it beat some downtrodden expectations for struggling U.S. newspapers. Gannett reported a 34 percent drop in publishing ad revenue.
Did DHS Secretary Janet Napolitano set pre-conditions for morning show interviews yesterday? Possibly.
The NYPost reported yesterday on a “top-secret meeting” recently at 30 Rock between GE CEO Jeff Immelt, NBCU President Jeff Zucker and “the top suits and some of the on-air talent at CNBC.” “There was a long discussion about whether CNBC has become too conservative and is beating up on Obama too much,” a source told the Post.
A prototype of Newsweek’s redesign that will be launched in early May is a cleaner take on the old, with more white space and bolder photographs. The launch will coincide with a relaunch of Newsweek.com that will replace wire copy with links to the best sources of online news.
Is “State of Play” the last good movie about news reporters? Find out here.
E&P reports newsroom employment plunged 11.3% in 2008, with the industry losing some 5,900 jobs, according to the American Society of News Editors. The number of newsroom jobs is now at a level last seen during the early 1980s.
WSJ: Former NYT reporter, Quadrangle Group cofounder, and the leader of the Obama administration’s auto task force, Steven Rattner, was allegedly one of the executives involved with payments under scrutiny in a probe of an alleged kickback scheme at New York state’s pension fund.
The University of Maryland’s Merrill College of Journalism’s Terp Weekly Edition Radio staff won a Robert F. Kennedy Journalism Award for their 2008 special report on sexual assault. Congrats Terps from a proud alum!