Thursday, July 03, 2008

Trends

clipped from biz.yahoo.com
LA Times to cut 250 jobs, including 150 news jobs
By Ryan Nakashima, AP Business Writer
LA Times to cut 250 positions, merge print and online departments, print 15 percent less pages
LOS ANGELES (AP) -- The Los Angeles Times plans to cut 250 positions, including 150 jobs in the print and online news departments, amid a continuing industrywide slump in ad sales, the paper's editor said Wednesday.
The decline in advertising, fueled by a weak real estate market, has boosted the copy-to-ads ratio above the industry target of 50-50, giving readers more stories than they can digest, while the paper competes for attention with the Internet and TV, editor Russ Stanton said.

As a result, the paper will undergo a makeover by the fall that will cut pages by 15 percent per week, eliminate some sections and trim story length, Stanton said.

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