Boston Herald offers buyouts to all employees

Boston Globe | Boston Herald
Herald publisher Patrick Purcell says in a statement:

The staffing adjustments we’re making are a result of revenue pressure all newspapers are experiencing. However, the financial efficiencies we are undertaking, coupled with the really great print and online products we publish every day, will position us well for the future.

The newspaper’s Guild chairman tells colleagues: “Don’t fret, this is nothing like the dire situation we encountered a few years ago, when so many of our union brothers and sisters left or were laid off. We are not going out of business. This is a belt-tightening move by Pat Purcell and his financial team.” Staffers considering the buyout package have until July 1 to make a decision.

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  • Anonymous

    Newspapers and magazines better smarten up and recognize that part of their problem is their content. The new media is hurting them as well; the biggest part of their plummeting circulation is lone side content. The WSJ is a much more balanced publication and they are doing well.