Remarks by U.S. newspapers President Bob Dickey and his office:
July 1, 2009, announcing 1,400 newspaper layoffs: "Unfortunately, we must take these steps because the advertising environment remains challenged. There have been some promising signs of a recovery, but the reality is the improvements are not broad-based and the economy continues to be fragile. Even so, we know the economy will improve."
Jan. 4, 2011, announcing one-week unpaid furloughs for most U.S. newspaper workers: "We want to avoid future layoffs and hope that we can do so by taking steps now to control expenses and focus on top line growth."
Yesterday: "While we are seeing improved circulation results and audience growth, weakness in the real estate sector, slow job creation and now softer auto ad demand continue to challenge revenue growth in the division. National advertising remains soft and with many of our local advertisers reducing their overall budgets, we need to take further steps to align our costs with the current revenue trends."
Today: "We will do all that we can to avoid further layoffs outside of those related to ongoing consolidations."
Earlier: When it comes to Craig Dubow and earnings, the sun'll come out -- next quarter.
Jan. 4, 2011, announcing one-week unpaid furloughs for most U.S. newspaper workers: "We want to avoid future layoffs and hope that we can do so by taking steps now to control expenses and focus on top line growth."
Yesterday: "While we are seeing improved circulation results and audience growth, weakness in the real estate sector, slow job creation and now softer auto ad demand continue to challenge revenue growth in the division. National advertising remains soft and with many of our local advertisers reducing their overall budgets, we need to take further steps to align our costs with the current revenue trends."
Today: "We will do all that we can to avoid further layoffs outside of those related to ongoing consolidations."
Earlier: When it comes to Craig Dubow and earnings, the sun'll come out -- next quarter.
That Pets.com sock puppet has more credibility.
ReplyDeleteAnd works a lot cheaper, I hear.