Articles about "Layoffs/buyouts/staff cuts"


Joe Ripp (Time Inc. photo)

Time Inc. CEO: Layoffs, big organizational changes coming today

New York Post

Time Inc. will begin layoffs today — about 500, Keith Kelly reports. In a memo to staffers, Time Inc. CEO Joe Ripp says the company’s plans require “substantive and sometimes painful changes to the way we operate and approach our business.”

All Time Inc.’s U.S. brands “will be consolidated into a single portfolio under two executives, Evelyn Webster and Todd Larsen,” Ripp writes. Executive Vice President David Geithner will leave, as will American Express Publishing CEO Ed Kelly. Mark Ford will become executive VP of advertising sales, Ripp says.

Kelly reports that AmEx Publishing’s Executive Travel magazine will be shut down.

As Time Inc. approaches its planned IPO, Ripp writes, “Wall Street’s focus will be on the performance of Time Inc.… Read more

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Through Facebook, current and former Patch employees stay connected

Hank Kalet shared this shot of Patch merch on Facebook. Photo by Hank Kalet.

Jim Romenesko | Business Insider

Two years ago, Hank Kalet found out he no longer worked for Patch at a New Jersey coffee shop with his supervisor and someone from HR. Today, he learned that hundreds more Patch employees were laid off through a former editor on Facebook.

Not too long ago, Kalet joined the Patch alumni group, a closed page on Facebook. That page currently has 452 members, former Patch editor Anthony Leone told Poynter via phone.

“And I wouldn’t be surprised if that grows by the end of the day,” he said.… Read more

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CNN laid off more than 40 journalists at end of 2013

Financial Times

CNN and HLN “laid off more than 40 senior journalists in its newsgathering operation” at the end of 2013, Matthew Garrahan reports in the Financial Times.

The cuts “coincide with changes to the network’s programming,” Garrahan writes. CNN President Jeff Zucker “has hired new presenters and diversified CNN’s output, adding documentary and reality series to its traditional live news coverage.”

The layoffs were concentrated in Washington, Atlanta and Los Angeles, Garrahan reports.

A CNN spokesperson said it would add about 100 people to its headcount this year, adding that the network was investing in journalism. “We’re expanding the definition of news,” she said. “We’re not abandoning news by any stretch of the imagination . . . there will be more people working at CNN today than last year.”

Last November The Wrap reported CNN had laid off producers as “part of a plan to restructure the cable news network’s approach to entertainment coverage.” FTV Live reported on some cuts Dec.Read more

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Martha Stewart cuts 100 employees

New York Post | AdWeek

On Thursday, as predicted, Martha Stewart Living Omnimedia fired 100 employees, Keith Kelly reported Thursday in the New York Post.

Included in the downsizing were some of the company’s upper-level executives, including executive vice president Daniel Taitz, who had served as acting CEO before Dienst was appointed Oct. 29.

Chief Revenue Officer Joe Lagani; Martha Stewart Living Publisher Peter Medwid; Vice President of Integrated Sales Laura Petasnick; and head of digital sales Jess Hollander.

Adweek reported Thursday on the cuts, writing that one MSLO employee said the office atmosphere was awful. “It’s really scary and terrible right before the holidays.”

Advertisingwise, Martha Stewart Living had an up year, with full-year ad pages rising nearly 16 percent over 2012. Circulation was flat in the first half of 2013, and newsstand sales dropped 13 percent.

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Mike Forsythe leaves Bloomberg, as do others

The New York Times | Los Angeles Times | Talking Biz News

Bloomberg News reporter Mike Forsythe said on Twitter Tuesday he had left Bloomberg News.

 

Forsythe was a reporter on a story about China that Bloomberg News decided not to publish. The company maintains that story and another are still active.

Bloomberg undertook an unrelated round of layoffs Monday, shrinking its arts staff in particular. Bloomberg News Editor-in-Chief Matthew Winkler told employees “the company was scaling back its art coverage and eliminating the Muse brand under which it was presented,” Christine Haughney reports. “It will stop covering sports matches and focus more on sports stories that intersect with business.”… Read more

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Atlanta Journal-Constitution photographers will become ‘multimedia visual journalists’

NetNewsCheck | Jim Romenesko | Creative Loafing Atlanta | NPAA

Photographers at the Atlanta Journal-Constitution will become “multimedia visual journalists” after planned job cuts, a spokesperson tells Lou Carlozo. The cuts, once planned for Nov. 1, haven’t taken place yet, AJC spokesperson Drue Miller tells Poynter, but “internal announcements will be made soon.”

“The newspaper and its websites will be expected to provide video, and to engage our audience through social media, apps and any other products that might come along,” Andy McDill said. “Ultimately the model could follow what Cox did at the Dayton Daily News, which converged print, Web, TV and radio platforms in 2010,” Carlozo reports.

“There, our strategy involves all media reporters with iPhones, [along with] photographers, TV videographers, and even our customers,” McDill told him.… Read more

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A.J. Daulerio out at SpinMedia

A.J. Daulerio is leaving SpinMedia, he confirms to Poynter in an email. The company named the former Gawker editor-in-chief to the role of editorial director in August.

CEO Dale Strang told staffers Wednesday the company would be making “a number of structural adjustments,” including layoffs. SpinMedia spokesperson Julia Walker told Poynter in an email the company was “neither confirming nor denying specific staff names.”… Read more

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SpinMedia will lay off staff today

SpinMedia is making “a number of structural adjustments” that will result in layoffs, new CEO Dale Strang told staffers in a memo Wednesday.

“As you can expect, some of these changes involve personnel reductions,” Strang said. Management will be “communicating those changes” in meetings today. The company’s namesake publication (where I used to work) is losing several staffers. Strang mentions no specific number of layoffs. In addition to Spin, SpinMedia owns or sells ads for quite a few publications, including Vibe, The Frisky and Celebuzz.

In an email, company spokesperson Julia Walker told Poynter that while SpinMedia is “always looking for growth, we recognize that we need to do so efficiently in order to truly scale our company.”

We’re taking steps that reflect that focus—we’re converting select sites from the SpinMedia collection from wholly-owned to partnerships, consolidating some of our back office functions and streamlining various other parts of our organization.

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Salt Lake Tribune reduces staff by about 20 percent, undergoes leadership changes

Salt Lake Tribune

The Salt Lake Tribune is reducing its staff by nearly 20 percent, the newspaper announced Thursday evening.

Editor Nancy Conway and Editorial Page Editor Vern Anderson are retiring at the end of the month, and publisher William Dean Singleton is stepping down. Tribune Managing Editor Terry Orme will become editor and publisher of the Digital First Media paper.

The Salt Lake Tribune explained in an unbylined piece:

The retirements are part of a major restructure of The Tribune news operation, which will include laying off 17 full-time and two part-time employees. All told, The Tribune staff will be reduced by almost 20 percent. The cuts help position the organization to adapt and respond to changes that affect the entire newspaper industry.

Some laid-off staffers have been tweeting about the news.… Read more

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Report: HuffPost Live lays off L.A. staffers, moves operations to New York

The Verge

HuffPost Live will “essentially shutter” its Los Angeles studio, Ben Popper reports. “Some of those losing their positions on the West Coast will be offered the opportunity to move east and join the HuffPost Live team in New York,” Popper writes.

The Huffington Post launched HuffPost Live, an online TV channel, last August. At the time, Brian Stelter called it “one of the most ambitious attempts yet to rethink what television should look and feel like when streamed over the Internet.” The initiative also has a studio in Washington, Stelter wrote.

The channel announced Wednesday it would focus on “world coverage, including a daily hour-long look at the stories sparking conversations around the globe — featuring contributions from editors and reporters from HuffPost’s 7 (soon to be 10) international editions,” Kara Swisher wrote.… Read more

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