Category Archives: Job losses

Twitter claims another job as CNN senior editor fired over Hezbollah tweet

The Twitter career graveyard has begun slowly filling up. News today that CNN’s senior editor for middle east affairs has been sacked after 20 years with the company for voicing what was deemed to be an inappropriate sentiment via Twitter. Octavia Nasr publicly mourned the death of Hezbollah leader Sayyed Mohammed Hussein Fadlallah.

Sad to hear of the passing of Sayyed Mohammed Hussein Fadlallah… One of Hezbollah’s giants I respect a lot.

Parisa Khosravi, CNN’s vice-president international newsgathering, said in a statement that Nasr’s credibility had been compromised.

Full story at this link…

Back in May, comedian and columnist for Australian newspaper the Age Catherine Deveny lost her slot on the paper following tweets she sent during the Logies awards ceremony.

Deveny defended herself, claiming that Twitter was like “passing notes in class, but suddenly these notes are being projected into the sky and taken out of context. Twitter is online graffiti, not a news source.”

“Wrong,” said the Age technology editor, “posts to Twitter are not private messages”.

Labour candidate Stuart MacLennan lost his job during this year’s general election campaign after what the Times called a “spectacular ‘Twitter suicide'”. MacLennan reportedly called the elderly “coffin dodgers,” before moving on to some more colourful language:

He had also labelled the Commons Speaker John Bercow a “t**”, David Cameron a “t***” and Nick Clegg, the Liberal Democrat leader, “a b******”.

MediaGuardian: 20 more job cuts at Times as 40 take voluntary redundancy

The Times will make 20 compulsory redundancies after completing its voluntary redundancy scheme. Forty editorial staff took voluntary redundancy. Details of where further cuts will be made will be announced in 48 hours, according to the Guardian.

The Times recently launched a new website as part of plans to introduce a site-wide paywall later this month.

Full story at this link…

MediaGuardian: News International to cut 80 staff, as more digital execs leave Telegraph

Following yesterday’s news that the Times and Sunday Times are looking to cut 80 staff between them and editorial budgets by 10 per cent to stem sever daily losses of around £240,000, Times editor James Harding has told staff that all departments will be involved in cost-cutting to protect the future of its journalism:

In an email to staff, reports MediaGuardian, Harding says:

We are clearly in a period of galloping technological change and we need to ensure that we have the resources to invest so that we can lead the market in digital journalism (…) Today, we are starting a process to cut costs, reduce our losses and free up resources for the future of our journalism.

Full story at this link…

Meanwhile, Will Lewis’ departure from the Telegraph has been followed by exits for Chris Lloyd, deputy managing editor at Telegraph Media Group, and Rhidian Wynn Davies, consulting editor – both key executives in Lewis’ digital operation, Euston Partners.

Full story at this link…

FOLIO: RBI to close 23 magazines in US

Reed Business Information is to close 23 B2B magazine titles in the US. FOLIO reports:

About nine months after putting the brands published under the U.S. arm of Reed Business Information on the block again, Reed Elsevier announced today that it is closing down the magazines it has not been able to sell or does not intend to keep. In total, the number of magazines to be closed down is 23.

According to FOLIO, parent company Reed Elsevier declined to comment on the number of job losses as a result.

Full post at this link…

Tribune agreement could bring bankruptcy exit

US newspaper publisher Tribune Company has reached an agreement with its creditors and lenders that will help it emerge from bankruptcy protection later this year, according to news from Reuters.

Tribune, which publishes the Chicago Tribune and the Los Angeles Times, filed for bankruptcy in 2008. The new agreement settles  all potential claims stemming from the 2007 $8.2 billion (£5.4 billion) Tribune leveraged buyout by Sam Zell in 2007.

The agreement has come under criticism from a group of junior boldholders holding $1.2bn (£780 million) of Tribune debt. They claim to have been unfairly cut out of the negotiating process, and have further criticised the make-up of the creditors committee, which includes bank lenders, normally excluded from such groups.

Full story by Reuters at this link.

Crikey.com.au: Layoffs at BBC Worldwide’s Lonely Planet

Crikey.com.au reports that eight roles are to be cut at BBC Worldwide’s Lonely Planet website, based in Melbourne, Australia.

The axe has fallen on guide book behemoth Lonely Planet’s tight-knit team of website writers, with eight content production roles made redundant at the whim of the company’s BBC management.

Shocked staff were informed yesterday of the decision to dissolve the positions, which included two core veterans that had been with the company for years. Lonely Planet management is yet to make a formal announcement, but the firm’s Footscray office is in meltdown, with angry staffers taking to Facebook to criticise their employer and the company’s digital strategy.

Full post at this link…

Despite group redundancies and pay freeze, Johnston Press CEO’s pay package nears £1m

Redundancies across the group and a pay freeze for all staff haven’t stopped the Johnston Press bosses taking home rather juicy bonuses for 2009.  As reported by the Times earlier this month, Johnston Press closed five papers last year, and 768 staff left the group in 2009. Pre-tax profits for 2009 were £43 million, a drop of 56 per cent.

But as reported by Johnston Press’ own paper, the Scotsman, John Fry, the group’s chief executive, took home £959,000 in pay, benefits and bonuses in 2009.

The package, reported in the group’s annual report this week, included: £210,000 cash bonus; a £210,000 performance-related bonus paid in shares (deferred for three years); and a basic salary of £525,000.

The Scotsman reports that his predecessor, Tim Bowdler, who retired in early 2009, was awarded £573,000 in basic pay in 2008. “All executive directors waived their right to a performance-related bonus that year,” it says.

Basic salary for the group’s two other executive directors, chief financial officer Stuart Paterson and chief operating officer Danny Cammiade, did not increase but they took home total packages of £655,000 and £590,000 respectively. In 2008 they took home £363,000 and £342,000 in total, respectively.

Here’s the comparison visualised in a chart. This shows the % change in £ from 2008 figures to 2009 figures (we’ve compared Fry’s pay package with Bowdler’s). The middle column at 0 represents the basic salary pay freeze across the group.

Blue: JP CEO pay package / Red: JP chief financial officer pay package / Yellow: chief operating officer pay package / Green: basic pay rise across group / Grey: total group revenue / Dark blue: advertising revenue / Magenta: JP pre-tax profit

Full Scotsman report at this link…

Advertising Age: US newspapers cut 109,500 jobs in past five years

Advertising Age’s article from earlier this week on the difficulties faced by media advertising staff making the transition from selling print space to going digital is worth a read – not least for the statistics it offers on media job cuts in the US:

Between January 2005 and January 2010, newspapers eliminated 109,500 jobs and magazines shed 19,400, according to an Ad Age DataCenter analysis of Bureau of Labour Statistics’ jobs data. During that same period, jobs at internet media companies, portals and search engines grew by 18,300.

Full story at this link…

Victory for FT Chinese journalists

Good news for the Financial Times journalists who faced redundancy if they did not return to China, on half their salaries.

The management has changed its mind, following the FT chapel’s threat that its members would ballot on industrial action if the FT Chinese journalists were not allowed to stay.

We reported on the National Union of Journalists’ outrage over the affair on 12 February. The latest update comes from NUJ Active (we expect a fuller NUJ statement soon):

The immediate defence by journalists at the Financial Times of Chinese colleagues threatened with redundancy by management has brought complete victory. The FT chapel demanded unanimously that the redundancy threat be lifted from their four colleagues on the FTChinese website, and warned that otherwise FT journalists might ballot on industrial action. So management did as it was told.

Update: and here’s the fuller NUJ statement:

Two of the four Chinese journalists are British citizens, and they all work on terms and conditions inferior to other journalists at the Financial Times. The newspaper had decided that the specialist group of Chinese journalists at the paper had to return to China on half their current salaries or else accept redundancy.

The NUJ chapel voted unanimously at a capacity meeting: “We condemn the outrageous treatment of journalists on FTChinese. We demand no redundancies on FTChinese and that the journalists be placed on the same terms and conditions as the rest of FT editorial We will ballot for industrial action if these demands are not met.”

“We are pleased that our employer has realised just how unfair and unacceptable were its proposals for our Chinese colleagues. We look forward to talking with management about securing the future of our Chinese journalists at the Financial Times on proper terms and conditions,” said David Crouch, the father of chapel.

“Financial Times management has had the good sense to reconsider an unacceptable decision. Our FT Chapel is to be congratulated on its speedy and determined resistance to a management error which was entirely unacceptable to the culture of the diverse media culture of the NUJ,” said NUJ general secretary, Jeremy Dear.

Bill Lucey: Ways for laid-off journalists to reinvent their careers

Bill Lucey shares some ideas from the US on reinventing redundant journalists’ careers, over on the Huffington Post. Even if you’re older, forget about age and stay young at heart, he says.

[B]efore raising the white flag and crying uncle, there are plenty of resources available online, offering video tutorials, webinars, and career tips to those out of work newspaper employees; trying to acquire new skills and become more marketable.

Full post at this link….