July 26, 2001   

 
Crunch Times
Where the Cuts Are
 
WHERE THE CUTS ARE
NEWS ORG.
OWNER
# CUTS
DATE
COMMENT
Digital Convergence
Digital Convergence
160
6/29/01
Dallas-based company keeps minimal staff to administer its Cue-Cat device.
Time Magazine
Time Inc.
12
6/21/01
Time says 38 jobs will be trimmed from magazine (biz-side as well as editorial) for 6% overall cut.
Boston Globe
New York Times Co.
193 (buyouts)
6/19/01
Company says no layoffs needed as a result of buyouts.
New York Times Co.
New York Times Co.
1,200
6/18/01
Company says cuts amount to 9% of workforce.
Knight Ridder
Knight Ridder
1,600
6/18/01
With 400 previous cuts earlier this year, reduction totals 9% of workforce. Buyouts and offers cost $79 million, but will save $100 million annually, company says.
Tribune Company
Tribune Co.
1,400
6/15/01
Chicago-based company offering buy-outs to employees 50 and older. Company hoping to trim its workforce of 28,500 by three percent.
Forbes.com
Forbes
17
6/14/01
Cutbacks include newsroom, ad sales, admin and tech support.
Kansas City Star
Knight Ridder
4
6/13/01
Editorial Pg Ed. Hood and GM Petrak leaving along with two biz-side execs.
St. Petersburg Times
Times Co.
cost of living checks
6/12/01
Paper to save $600K quarterly in face of 2001 profit margin expected to be lowest in 50 years.
Feed and Suck
Automatic Media
21
6/8/01
Unable to get additional financing, owner closes pioneering webzines. It's Plastic.com continues w/ volunteers.
New York Post
News Corp.
6
6/7/01
Paper fires columnist Jack Newfield and five others.
Motley Fool
Motley Fool
45
6/7/01
Financial news site lays of 45 in second round of cuts this year.
Comtext News Network
Comtext News Network, Inc.
11
6/7/01
Virginia internet firm says it will cut 11 employes.
Macon Telegraph
Knight Ridder
27
6/6/01
Twenty workers at four Georgia K-R papers laid off; several more openings will be left vacant, and seven buyouts have been offered.
 
23
11/28/00
Seventeen of the cuts were layoffs.
St. Louis Post-Dispatch
Pulitzer
22
6/6/01
Eight vacancies will go unfilled in production; 14 production workers are let go.
Seattle Times
privately held,
with 49% stake by Knight Ridder
15+
6/6/01
Layoffs include nine operations workers, four circulation workers and a "few" newsroom employees.
 
300
4/21/01
Paper lost hundreds of workers during seven-week strike (read memo).
U.S. News and World Report
privately held by Mortimer Zuckerman and Fred Drasner
up to 50
6/5/01
Staff of 250 may be cut down to as few as 200. Moscow and Beijing bureaus likely targets; Tokyo and London bureaus closed in recent years.
Montgomery Journal, Fairfax Journal, Arlington Journal, et. al.
Journal Newspapers, Inc.
20
6/1/01
Layoffs at Washington suburban dailies include 11 newsroom employees. Papers will focus more on national news through wire stories.
Univision.com
Univision
33
5/30/01
30 laid off in Miami, 3 laid off in Mexico city.
Fort Wayne News-Sentinel, Journal Gazette
Fort Wayne Newspapers
30
5/30/01
Early retirement and buyouts offered to trim 4-5% of staff.
Variety, Daily Variety, Publishers Weekly, Broadcasting & Cable, et. al.
Cahners
140
5/30/01
Three percent of total staff gone.
Marketwatch.com
publicly traded
(CBS owns 34% stake)
~40
5/30/01
Layoffs and other cost-cutters will save $9 million annually, company says.
TheStandard.com
Standard Media
6+
5/24/01
Third round reduces editorial staff by about 10%. First round of layoffs cut 36; second round took 69.
Industry Standard Europe
"
55
4/10/01
Industry Standard closes European edition six months after its launch.
Industry Standard, TheStandard.com
"
69
2/21/01
Seventeen percent of staff laid off; CEO calls cuts "deep" and "painful."
Industry Standard, TheStandard.com
"
36
1/8/01
Seven percent laid off.
CNN Interactive
AOL Time Warner
20
5/24/01
20 layoffs at CNN Interactive come on top of the 400 network-wide layoffs earlier this year.
Reuters
Reuters
50
5/24/01
Management posts will be eliminated in restructuring.
ABC News
Disney
125
5/24/01
85 bought out; 25 will be laid off, with other cuts through attrition.
Time Inc.
AOL Time Warner

?

6/2/01
The Time Research Center will close down; 42 employees will be affected.
Time, Fortune, Entertainment Weekly     5/24/01 365 will get early retirement offers, including 211 editorial employees. Time mag will try to cut 16 from editorial staff and about 14 from business side. Fortune has already cut 30; Entertainment Weekly laid off 6 online ad sales reps.
Tallahassee Democrat
Knight Ridder
25
5/19/01
Buyouts, retirement and layoffs. four newsroom staffers cut.
Contra Costa Times
Knight Ridder
87
5/19/01
Early retirement and buyouts to be offered to 'several hundred.'
Univision
Univision
42
5/19/01
The network's flagship station, KMEX-TV Channel 34 in Los Angeles, was trimmed by 16.
Lexington Herald-Leader
Knight Ridder
15
5/18/01
Early retirement will be offered to 11 staffers; voluntary buyouts for 26 managers.
Red Herring
Red Herring Communications
111
5/17/01
Third round of layoffs claims 54, or 20% of staff; all departments were cut, but top executives were not effected.
Miami Herald
Knight Ridder
180
5/17/01
700 buyout offers are in the works to achieve 10% cut (read memos).
Wilkes-Barre Times-Leader
Knight Ridder
34
5/17/01
Almost two dozen employees have volunteered for buyouts or early retirements, and seven open positions will not be filled. Three or four employees will be laid off.
NUE-TV
New Urban Entertainment
35
5/16/01
News and programming staffs gone as BET rival seeks investors.
USA Today
Gannett
100
5/15/01
7 dot-com, 6 newsroom staffers laid off. Rest of 100 cuts since 1/1 by attrition.
Akron Beacon Journal
Knight Ridder
65
??
10 news staffers laid off in April; early retirement and buyouts will be offered to majority of 600 employees to achieve 55 more cuts.
Grand Forks Herald
Knight Ridder
24
5/10/01
15% of 180 employees will be affected.
Toronto Sun, Ottawa Sun, Calgary Sun, London Free Press, et. al. Sun Media
302
5/14/01
Restructuring plan announced after first-quarter losses.
Philadelphia Inquirer, Daily News
Knight Ridder
200
5/12/01
Cuts by 7/1 through attrition, buyouts and possible layoffs.
San Jose Mercury News
Knight Ridder
120
5/11/01
Buyouts were planned for 25 to 30 of newsroom employees; at least 16 newsies laid off. Bosses hope to trim 8% of workforce.
Duluth News Tribune
Knight Ridder
17
5/11/01
n/a
Wired Digital
TerraLycos
35
5/10/01
TerraLycos orders across-the-board staff cuts of 15%.
St. Paul Pioneer Press
Knight Ridder
84
5/10/01
Cuts represent 10% of workforce (read memo from staffers).
BusinessWeek
McGraw-Hill
46
5/9/01
Most cuts through attrition; up to a dozen laid off.
New York Daily News
privately held by Mortimer Zuckerman, Fred Drasner
36
5/7/01
36 layoffs higher than the anticipated 20; 15 cuts were in newsroom.
Brill's Content, Inside.com
Primedia
8-12
5/4/01
Up to a dozen laid off as Brill's Content scales back publishing schedule and Inside magazine disappears.
Rolling Stone, Men's Journal, US Weekly
Wenner Media
18
5/1/01
Business, editorial staffers laid off.
Kansas City Star
Knight Ridder
125
5/2/01
Layoffs may be necessary.
Sarasota Herald-Tribune
New York Times Regional
19
4/30/01
All 19 laid off, including art and architecture critic Joan Altabe.
The Charlotte Observer
Knight Ridder
~45
4/27/01
Buyouts and early retirements offered (read memo).
Detroit Newspapers (Detroit Free Press and Detroit News)
jointly operated by Knight Ridder and Gannett
100
4/20/01
Early retirement offers and layoffs (read memo).
Sportsline.com
publicly traded (CBS/Viacom owns 34% stake)
92
4/18/01
All departments cut except sales.
New York Times Digital
New York Times Co.
116
4/18/01
Second round of layoffs results in office closings for Abuzz.com, WineToday.com.
NBCi
publicly traded
570+
4/9/01
Final round of about 300 layoffs comes as company shuts down; assets will be absorbed by NBC.
CBSNews.com
CBS/Viacom
20
4/4/01
Cuts represent one-quarter of staff.
TheStreet.com
publicly traded
40
4/4/01
Financial news site lays off 20%.
Wall Street Journal, WSJ.com, Dow Jones Newswires, et al.
Dow Jones
500+
3/17/01
300 cut through attrition and leaving jobs unfilled, 200 laid off. Total cuts amount to 6.5% of workforce (read memo).
Intertec, IndustryClick
Primedia
160
3/16/01
post-merger layoffs
ABC.com, ABCNews.com Walt Disney Internet Group
135
2/26/01
Streamlining in order to become profitable. Cuts mainly affected the ABCNews.com and ABC.com Web sites.

* Date of most recent announcement of staff cutbacks.

-- Information compiled from published reports of layoffs and cutbacks.



 
   
   
  Copyright © 2002 The Poynter Institute
  801 Third Street South | St. Petersburg, FL 33701 | Phone (888) 769-6837