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E.W. Scripps is offering voluntary buyouts to staffers of The Commercial Appeal in Memphis and The Rocky Mountain News in Denver.
Employees who have completed 10 years of service with the company and who will be 55 years old or older as of April 2 will qualify for a package that will include separation pay and a health care subsidy, writes Editor & Publisher.
The Rocky Mountain News is seeking 20 volunteers; it is unclear how many volunteers The Commercial Appeal is seeking.
In a memo to staff, The Commercial Appeal president and publisher pointed out that, while the paper had expanded its market footprint and implemented many cost saving measures, they have not been enough to stabilize profitability.
Earlier this year, Scripps warned analysts and investors that the company was considering spinning off its newspaper division or selling some newspaper assets, but management has since said it has no plans to exit the newspaper business.
However, the newspaper division is still struggling. In March, the company revised its first quarter forecast warning that newspaper revenue is expected to decline 6 to 8 percent, versus an original projection of 5 to 7 percent.
Marketers have unleashed their holiday promotions earlier than ever this year, with many hitting the stores well before Thanksgiving. But Sirius XM isn’t launching most of its 24-hour holiday music channels until turkey day or later.
The newly merged company…
October advertising revenue plunged for The New York Times Co. and McClatchy, despite some growth in online ad revenue.
The New York Times saw ad revenue plummet 17.2%; online ad revenue increased 5.3%, writes MediaPost. Classifieds have fallen 27.3% year to…
The switch to digital television arrives in less than three months, and to remind consumers of the transition, the National Association of Broadcasters is running a campaign across PumpTop TV’s network of screens at gas stations.
The spot began airing…
Through the first half of the year, automakers have slimmed their ad spending by 10% to $6.1 billion, according to Nielsen Monitor Plus.
General Motors slipped 6% to $1.2 billion, while Ford Motor cut ad spend by 22% to $954…
Getting real-time, 24/7 online access to company news and reaching responsive and efficient PR representatives still rate high on journalists’ wish-lists, but reporters are increasingly sourcing stories from new forms of media as well, according to research from Bulldog Reporter and TEKgroup…
Some 20% of top brand marketers continue to send additional emails to consumers, even after they confirm requests from those consumers to “unsubscribe” from an email marketing list, according to a research study from Return Path, MarketingCharts writes.
Though the study,…
