Monday, August 17, 2009

Why Newsroom Layoffs Continue Despite Business Improvements

Rick Edmonds writes:

You have probably read that a number of newspaper companies returned to profitability in the second quarter of this year, and the economy at large may have hit bottom and started back up. Since July 1, newspaper shares have more than doubled from lows on Wall Street. So why does the pace of layoffs and buyouts continue unabated?

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