Following what seems to be a growing trend, two more media companies announced today that they will be instituting furloughs in efforts to cut back on spending.Advance Publications will require many employees to take ten-day furloughs, according to Editor & Publisher. Word of the furloughs began to spread last week, but formal announcements were going [...]
The FOX Business Network is reporting that it has filed a lawsuit against the Securities and Exchange Commission. The lawsuit alleges the SEC failed to respond to FBN’s request for information regarding “the potential
“Business & Media Institute” is reporting CNBC has named former chair of the Democratic National Committee Howard Dean a contributor. Dean is also a former Vermont governor and 2004 Democratic presidential candidate.
MarketWatch media columnist Jon Friedman takes a look at the new
Freedom Communications, owner of 100 daily and weekly papers including The Orange County Register, revealed in a staff memo earlier this week that it will force most of its employees to take one-week furloughs to help cut costs, according to Editor & Publisher. The memo, dated March 17, states: “the first quarter of 2009 has [...]
Starting March 30, The Washington Post will no longer publish a stand-alone business section, according to Editor & Publisher. Instead, business news will run in the A section of the paper. The Post is also eliminating daily stock listings. It will instead offer a half-page of statistics and graphics that will focus on prices of [...]
Gannett, owner of the Tucson Citizen of Tucson, Arizona, announced in January that it would be selling the paper or folding it if acceptable offers were not received.However, the paper is still operating because an unknown number of parties are in the midst of serious negotiations, according to an article on the paper’s website. Citizen [...]
TheStreet Inc., an online financial news company, is cutting six percent of its workforce, according to a story posted on Yahoo’s Tech site.The report says that for a savings of about 2.4 million per year, 18 positions will be cut. Last year the company slashed 11 percent of it’s workforce, froze salaries and eliminated 2008 [...]
