The radical new idea of staff cuts at a newspaper was introduced by Tom Glocer, chief executive of Thomson-Reuters, during a talk he gave Monday night about what financial news and information will look like 30 years from now. The New York Observer reports:
Mr. Glocer explained to the 50 or so attendees that newspapers like The New York Times have to cut costs by concentrating on their strongest coverage. “That view that ‘I am The New York Times and I do everything’ -I think that’s not the best way to run a newspaper,” he said.
Here’s how Mr. Glocer sees news in the future: “Why does The New York Times need to have 600-700 journalists? Why not 30 journalists with 30 apprentices?
Other brilliant observations Mr. Glocer made during his speech include: Twitter is boring, Facebook is better than LinkedIn, and financial companies need to be more transparent. Mr. Glocer also appears to be working on a cutting edge concept called “the comb-over.”
Found via Romenesko