Black Monday
The L.A. Times and Chicago Tribune announce a combined 250 or so cuts in the newsroom. The Denver Post (my employer) announced a buyout of up to 37. The numbers don’t give online much of a chance to bail newspapers out. Will desperate newspapers continue their superficial, trend-jumping approach to the internet? Will they hunker down and build a brave new product? Or is it all too late?
In other news, my boss’ boss’ boss (Media News Group owner Dean Singleton) is suing the son of a media mogul for some serious corporate soap-opera-style shenanigans.