Thursday, March 26, 2009

The New York Times cuts pay, lays off workers

The New York Times today had the misfortune of having to run another story on its own financial difficulties.

A couple things jumped out at me about this article.
-It is yet another indication that newspapers are facing tough times as we've talked about before.
-The NYT headline puts a much more positive spin on the story than this Reuters article (notice the NYT headline featured the word "temporary").
-Imagine being a reporter writing a story on a cut in your own pay. Ouch. Hopefully this reporter didn't get laid off. That would be downright sadistic.

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