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Home Front: Culture Wars
50 more NY Times journalists to be fired
2014-12-24
A long piece about the Times' travails after the December 1st buyout offer.
Yesterday, New York Times readers were treated to a beautifully nuanced and balanced and richly detailed feature about a topic very much in the mix. Its author, Ariel Kaminer, came by her story and its scoop—the first interview with the accused (possibly falsely) rapist of the woman at Columbia who is carrying a mattress around campus to make a statement about campus sexual violence--by developing deep roots in a narrow beat, higher education. And now, Ms. Kaminer will join a hundred or so of her colleagues on the unemployment line as the Times once again cuts costs by cutting journalists.

The genius of the way The New York Times has structured itself is that lofty journalistic goals are protected from the short-term demands of grubby ordinary shareholders.
But not from grubby progressive academics, politicians and well-to-do elites...
Ironically–and distressingly, for those who care about journalism--it now appears that the financial demands of those holding the shares, and particularly the generous dividend they pay to the family members who hold large chunks of those shares, are now making it difficult to perform the very journalism the structure was created to protect.

Monday, December 1 marked the deadline for 100 New York Times journalists to accept a buyout package before facing layoffs. As the New York Times prepares for the latest culling of the most talent-rich newsroom in America, the sad march has already begun. David Corcoran, a Times near-lifer who runs the beloved Science Times section, has reportedly accepted a buyout, as have legendary business reporters Floyd Norris and Bill Carter, labor reporter Steven Greenhouse, arts reporter Carol Vogel, staff editor Jack Bell, plus at least six photographers and picture editors, the silky writer Robin Finn (who penned this masterpiece), and about 50 others, according to Capital New York’s depressing “buyout watch” column. The Observer reported that longtime advertising writer Stuart Elliott was among those joining the exodus. And now, firings have commenced.
Much more at the link
Posted by:badanov

#16  At whitecollar rednecked:

B R U T A L
Posted by: Unonter Bluetooth3165   2014-12-24 19:43  

#15  Anti-capitalists surprised they can't run a business.
Posted by: swksvolFF   2014-12-24 17:27  

#14  The Times is now like finding the ex-prom queen, now toothless and tweaking, working the midnight to six shift at Waffle House.
Posted by: whitecollar redneck   2014-12-24 16:35  

#13  Maybe NYT will merge with Mother Jones and save a ton of paper in the process.
Posted by: Zhang Fei   2014-12-24 15:46  

#12  And now only the true lefties are left. Alone and cold with no paying followers, cause we all know the socialist left feel the news should be free!!!!!
Posted by: 49 Pan   2014-12-24 13:15  

#11  Revolution devouring its children?
Posted by: g(r)omgoru   2014-12-24 12:22  

#10  Will the last man out please take my Pulitzer Prize off the wall in the lobby? Thanks lots.
Posted by: The Ghost of Walter Duranty   2014-12-24 11:44  

#9  Soon to be known as "The Manhattan Penny Saver"...
Posted by: tu3031   2014-12-24 11:41  

#8  I always thought Carlos Slim fucked up by buying the A (non-voting) shares; otherwise this would have happened years ago.
Posted by: Raj   2014-12-24 11:27  

#7  "t now appears that the financial demands of those holding the shares, and particularly the generous dividend they pay to the family members who hold large chunks of those shares, are now making it difficult to perform the very journalism the structure was created to protect."

No, kiddies. The CORPORATION was created to provide money to the shareholders, just like any other evil corporation.
Posted by: Rambler in Virginia   2014-12-24 10:31  

#6  #3 - their readership base became more selective.
Posted by: Procopius2k   2014-12-24 08:37  

#5  Cuban market is opening up: free health care, old cars, propaganda Havana, and fat cigars.

Adios!
Posted by: Airandee   2014-12-24 08:25  

#4  Their talent for shoveling BS isn't in demand. Instead of firing them they should recycle them. Soylent green is supposedly tasty.
Posted by: Silentbrick   2014-12-24 08:11  

#3  "most talent-rich newsroom in America"

Customers decide whether that's true or not.
Posted by: Bright Pebbles   2014-12-24 07:49  

#2  The shame is that any of them still have jobs.
Posted by: ed in texas   2014-12-24 07:23  

#1  Good article, explains how the Schuzberger trust operates. Explains what happens to B stock if sold. (Guess).
Posted by: Shipman   2014-12-24 07:04  

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