Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

11/21/2013 (2 years ago)

Catholic Online (www.catholic.org)

Tribune says no cuts to editorial, yet.

Tribune Co, the parent company of the Chicago Tribune, Los Angeles Times, and six other daily newspapers, is laying off nearly 700 staff as part of a restructure. The change comes as ad revenue and print sales continue to decline.

Tribune Co. is cutting 700 jobs as part of an effort to save between $70 and $100 million.

Tribune Co. is cutting 700 jobs as part of an effort to save between $70 and $100 million.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

11/21/2013 (2 years ago)

Published in Business & Economics

Keywords: Tribune, editorial, cuts, staff, cost, print, transition, digital


LOS ANGELES, CA (Catholic Online) - The internet and the iPad have changed traditional journalism forever. The most recent evidence is the restructuring of the Tribune Co. A memo to employees informed them of the changes which involves structural changes and layoffs.

Layoffs will impact staff in technology, marketing, and in other departments, but not editorial. The company says it will retain its editorial staff to maintain its "best in class" rating. However, the company did mention that there would be minor cuts to editorial staff, coming later.

Structurally, the company is combining "advertising, marketing, manufacturing and digital media under common leadership," according to its own report on the changes. The change is expected to save about $75 to $100 million in annual costs. It is not expected to diminish editorial output or quality.

These changes are a response to changes in the way news is produced and consumed, and how much people pay for advertising. The internet now allows real-time bidding on advertisements, which allows advertisers to find better rates with better targets across all media. This hyper-competition continues to slash advertising revenues for newspapers year-over-year.

Also different is who is producing news. A growing population of bloggers and less-trained, amateur journalists are writing news reports which are being widely consumed. The final nail is the transition of readers to electronic devices, away from actual print-on-paper.

What once cost money, or required a person to tune in and watch, is now available largely for free, anytime and anyplace.

Still, newspapers are working hard to transition o the digital realm. More large publications are erecting paywalls, compelling readers to buy subscriptions for the news from sources they prefer to read. Websites also incorporate video and related content as well as targeted advertising, which makes them more effective at engaging readers and generating revenue.

Still, few have mastered the art, and they continue to struggle, downsizing as they go.

Meanwhile, other publishers such as Catholic Online and the Huffington Post are entirely digital from the start and have been successful in the new realm of digital media. A formula for success already exists, but for the dinosaurs of print, the transition won't be easy.

A birth foretold: click here to learn more!

---


Pope Francis: end world hunger through 'Prayer and Action'


Copyright 2015 - Distributed by THE CALIFORNIA NETWORK

Pope Francis Prayer Intentions for April 2016
Universal:
Small Farmers: That small farmers may receive a just reward for their precious labor.
Evangelization: African Christians: That Christians in Africa may give witness to love and faith in Jesus Christ amid political-religious conflicts.



Comments


More Business & Economics

Obama brags in face of economic failure Watch

Image of The Obama administration claims the economy is thriving - but what is REALLY going on (TPNN)?

By Kenya Sinclair (CALIFORNIA NETWORK)

We all know "that guy." You know the one - the guy who is obsessed with conspiracy theories and who swears the government is out to get us. Well, according to newly released economic data, "that guy" might be (partially) right. LOS ANGELES, CA (Catholic Online) - U.S. ... continue reading


Yes, there's definitely something wrong with millennials, and here's what it is! Watch

Image of As far as millennials are concerned, the American dream is just that -- you have to be asleep to believe it.

By Marshall Connolly (CALIFORNIA NETWORK)

Across the country, the news is shocking. Over half of the millennials think socialism might be a good thing. Most of them believe the American dream is a myth, and public perception is that something is wrong with them. Why do they just want "free stuff?" LOS ANGELES, ... continue reading


Billionaire Soros warns China is near economic collapse Watch

Image of China's economy may be heading for trouble.

By Marshall Connolly (CALIFORNIA NETWORK)

Billionaire George Soros is sounding the alarm, China is about to go down and the rest of the world could follow. According to Soros, there is a major resemblance between China now and the United States in 2007-2008 just before the U.S. economy entered the Great ... continue reading


IRS issues dire warning before Panama Papers crackdown begins Watch

Image of The Panama Papers detail the tax evasion schemes of thousands of wealthy people around the world.

By Marshall Connolly (CALIFORNIA NETWORK)

The IRS has issued a warning to the rich who have been hiding money offshore - come clean now, before we catch you ourselves. The warning follows the leak of over 11 million pages of documents that detail the private, often hidden financial moves of wealthy people ... continue reading


Obama's Saudi masters order him not to sign 9/11 bill Watch

Image of It's not about the victims, it's about the Saudis.

By David Drudge (CALIFORNIA NETWORK)

Saudi Arabia is about to escalate their economic war with the United States should Congress pass a law that will allow victims of the 9/11  terrorist attacks to sue foreign states. The Obama administration opposes the bill and is lobbying against it. LOS ANGELES, ... continue reading


You won't believe how California's rich spend their money! Watch

Image of Top 1 percent pays nearly half of all California taxes (istockphoto).

By Kenya Sinclair (CALIFORNIA NETWORK)

When you think of California, images of sandy beaches, sun-kissed skin and Hollywood stars flash through your mind - and you're not wrong! California's rich enjoy all the sunny state has to offer - but at what cost? LOS ANGELES, CA (Catholic Online) - According to ... continue reading


Tesla KILLS American car industry in just 3 days. GOOD! Watch

Image of The Tesla Model 3 will sell for an average price of $42,000. Subsequent competition and models will reduce future prices even further.

By Marshall Connolly (CALIFORNIA NETWORK)

Tesla has blown away all predictions, selling over 276,000 pre-orders of their affordable Model 3 electric car, within 72 hours of going live. The massive public interest reveals a major shift in public preferences and should send shockwaves through the auto industry. ... continue reading


You won't believe what JUST happened to Walmart! Watch

Image of What does Walmart's revenue drop mean (WalmartDid).

By Kenya Sinclair (CALIFORNIA NETWORK)

The discount giant has received its first dip in revenue since its inception in 1996. Can the drop signify the beginning of the end? LOS ANGELES, CA (Catholic Online) - The digital age has marked a permanent shift in the way humanity perceives the world.One smartphone ... continue reading


Why Democratic Socialism is coming to America, whether you like it or not, and what you can do about it (but won't) Watch

Image of Presidential hopeful Bernie Sanders is a self-described democratic socialist. His movement is popular with millennials who are coming of age.

By Marshall Connolly (CALIFORNIA NETWORK)

America is in more trouble than people realize and here's why. The middle class is becoming poor, and as the ranks of the poor grow, our national politics will change. LOS ANGELES, CA (California Network) - The United States is changing and many people are having a ... continue reading


You'll never believe what the U.S. government is doing with $917 billion Watch

Image of How much do YOU owe (Shutterstock)?

By Kenya Sinclair (CALIFORNIA NETWORK)

How often do you swipe your credit card without considering your credit limit? When you don't have funds in your checking account, do you turn to credit cards to cover groceries, outings or bills? Have you considered what that credit card debt can do on a larger scale? ... continue reading


All Business & Economics News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Subscribe to Catholic OnlineYouTube Channel

the FEED
by Catholic Online

Daily Readings

Reading 1, Acts 16:11-15
11 Sailing from Troas we made a straight run for Samothrace; the next day ... Read More

Psalm, Psalms 149:1-2, 3-4, 5-6, 9
1 Alleluia! Sing a new song to Yahweh: his praise in the assembly of the ... Read More

Gospel, John 15:26--16:4
26 When the Paraclete comes, whom I shall send to you from the Father, ... Read More

Saint of the Day

Saint of the Day for May 2nd, 2016 Image

St. Athanasius
May 2: St. Athanasius, the great champion of the Faith ... Read More