1. Jobs GONE, never coming back?
- Author
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Fitzgerald, Mark
- Subjects
- *
NEWSPAPER publishing , *BUYOUTS , *PERIODICALS , *CORPORATE profits , *NEWSPAPER employees , *LAYOFFS , *LABOR turnover - Abstract
The article focuses on the increase in buyout offerings of newspapers in the United States. Decline in revenues contributed to the buyouts. According to an estimate by the American Society of Newspaper Editors, about 40 percent of newspaper employees has been cut in 2001. Layoffs and buyouts were the second-highest reason for labor turnover in newspaper departments in 2003 and 2004, according to the findings of the Newspaper Industry Compensation Survey conducted by the Inland Press Association.
- Published
- 2005