Wednesday, July 9, 2008

Chicago cuts: 80 in the newsroom

Jobs will be lost in other departments as well, but the total loss to the Chicago Tribune newsroom will be 80 positions. Because some of those positions have been left unfilled recently, between 55 and 58 current staffers will be fired. All will be out by the end of August.

Wonder how much Zell and his top guys are making? You'd think with the company (and the industry) in such dire straits, the executives would be stepping up to share the pain.

Recovering Journalist thinks those guys should step up too:

Most newspaper CEO compensation packages still add up to millions of dollars per year, in fact, with an average among the 13 public-company newspaper CEOs of just under $6 million a year in 2007, according to corporate proxy filings with the SEC. A little belt-tightening among the fat cats might help to save some jobs–and that's no joke.
No joke at all. Here's a thought: The CT's publisher recently retired and the executive vice president for publishing has "assumed oversight of the paper temporarily" until a new publisher is named. Why not leave that position vacant too? Surely the evp/publishing can multi-task? (The remaining staff will be expected to pick up the slack when the staff is cut.) Think of it as another cost-saving measure.

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