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News Media Outlets Have Been Ravaged by the Pandemic | News Media Outlets Have Been Ravaged by the Pandemic |
(4 days later) | |
The news media business was shaky before the coronavirus started spreading across the country last month. Since then, the economic downturn that put more than 22 million Americans out of work has led to pay cuts, layoffs and shutdowns at many news outlets, including weeklies like Seven Days in Burlington, Vt., and Gannett, the nation's largest newspaper chain. | |
Finding a sizable audience has not been a problem for publishers. Hunger for news in a time of crisis has sent droves of readers to many publications. But with businesses paused or closed — and no longer willing or able to pay for advertisements — a crucial part of the industry’s support system has cracked. | Finding a sizable audience has not been a problem for publishers. Hunger for news in a time of crisis has sent droves of readers to many publications. But with businesses paused or closed — and no longer willing or able to pay for advertisements — a crucial part of the industry’s support system has cracked. |
Hard data on job losses is not yet available, but Jed Kolko, the chief economist at Indeed.com, said new listings for jobs in the media and communications sector had fallen 35 percent in the 60 days before April 3, compared with the same period last year. The decline in postings for all jobs was less drastic, at 24 percent, suggesting that the pandemic has had a greater effect on the news media industry than on other businesses, Mr. Kolko added. | Hard data on job losses is not yet available, but Jed Kolko, the chief economist at Indeed.com, said new listings for jobs in the media and communications sector had fallen 35 percent in the 60 days before April 3, compared with the same period last year. The decline in postings for all jobs was less drastic, at 24 percent, suggesting that the pandemic has had a greater effect on the news media industry than on other businesses, Mr. Kolko added. |
The New York Times is continuing to gauge the pandemic’s effects on newspapers, magazines and digital media companies through interviews with executives, newsroom employees and union leaders across the country. All told, an estimated 33,000 employees of news media companies in the United States have been laid off, furloughed or had their pay reduced since the arrival of the coronavirus. | |
amNewYork | amNewYork |
Schneps Media, a local news publisher that recently acquired the free newspapers amNewYork and Metro New York, has laid off or furloughed about 30 employees at its roughly 50 community publications in New York City, according to Joshua Schneps, the chief executive. The cuts affected 20 percent of its work force. | Schneps Media, a local news publisher that recently acquired the free newspapers amNewYork and Metro New York, has laid off or furloughed about 30 employees at its roughly 50 community publications in New York City, according to Joshua Schneps, the chief executive. The cuts affected 20 percent of its work force. |
BuzzFeed | BuzzFeed |
BuzzFeed was headed toward profitability this year. Not anymore, said the chief executive Jonah Peretti in a March 25 staff memo. The news and lifestyle site has cut salaries in April and May for all U.S. employees making more than $40,000. Top executives will have a reduction of 25 percent, and Mr. Peretti will forgo his salary until the crisis has passed. BuzzFeed is also seeking partners for its operations in Brazil and Germany, and will close those offices if it cannot find takers, a spokesman said. In mid-April, BuzzFeed shuttered its morning show, “AM to DM,” after Twitter pulled funding, with hopes to return it in the fall, a spokesman said. | |
Condé Nast | |
The publisher of Vogue, Vanity Fair and The New Yorker is cutting pay by 10 to 20 percent for those making more than $100,000, or just over half the work force, for five months beginning in May. Executives such as the artistic director Anna Wintour are among those affected. “It’s very likely our advertising clients, consumers and therefore our company will be operating under significant financial pressure for some time,” said Roger J. Lynch, the chief executive, in an April 13 memo. He added that he is forgoing half his salary and that layoffs were being considered. | |
The Denver Post | The Denver Post |
The Post laid off 13 employees, including four journalists, on April 3, according to a member of a NewsGuild bargaining committee. The paper also asked all remaining employees to take three weeks of unpaid time off from April to July. The Post, which did not reply to a request for comment, is owned by MediaNews Group, a company controlled by the hedge fund Alden Global Capital. | The Post laid off 13 employees, including four journalists, on April 3, according to a member of a NewsGuild bargaining committee. The paper also asked all remaining employees to take three weeks of unpaid time off from April to July. The Post, which did not reply to a request for comment, is owned by MediaNews Group, a company controlled by the hedge fund Alden Global Capital. |
Euclid Media Group | Euclid Media Group |
The owner of weeklies in cities like Cincinnati, Detroit and San Antonio laid off roughly 50 employees and furloughed 7, about 70 to 80 percent of its staff, in mid-March. “We will do whatever we do, one day at a time and scrap our way through this,” said Michael Wagner, the chief operating officer. Euclid’s revenue had sunk quickly because of pandemic-related drops in advertising and the company’s events business. | The owner of weeklies in cities like Cincinnati, Detroit and San Antonio laid off roughly 50 employees and furloughed 7, about 70 to 80 percent of its staff, in mid-March. “We will do whatever we do, one day at a time and scrap our way through this,” said Michael Wagner, the chief operating officer. Euclid’s revenue had sunk quickly because of pandemic-related drops in advertising and the company’s events business. |
Fortune | |
The nearly century-old business magazine is laying off 35 people, which is 10 percent of its staff, worldwide and across departments, a spokeswoman said on April 16. Alan Murray, the chief executive, will take a 50 percent pay cut, and other executives will have their salaries sliced by 30 percent. The longtime Time Inc. mainstay became part of Meredith before being sold to the Thai businessman Chatchaval Jiaravanon for $150 million in November 2018. | |
Gannett | Gannett |
Gannett, the publisher of USA Today, The Detroit Free Press and more than 250 other daily newspapers, has ordered the majority of its 24,000 employees to take five days off per month without pay in April, May and June, staff memos revealed, and executives will take a 25 percent pay cut. Paul Bascobert, the chief executive, said he would not take his salary until the crisis was over. The NewsGuild, which represents journalists at several Gannett papers, criticized the plan. “Our nation simply cannot afford to furlough or lay off journalists and other news industry employees in this time of crisis,” said the union’s president, Jon Schleuss. | Gannett, the publisher of USA Today, The Detroit Free Press and more than 250 other daily newspapers, has ordered the majority of its 24,000 employees to take five days off per month without pay in April, May and June, staff memos revealed, and executives will take a 25 percent pay cut. Paul Bascobert, the chief executive, said he would not take his salary until the crisis was over. The NewsGuild, which represents journalists at several Gannett papers, criticized the plan. “Our nation simply cannot afford to furlough or lay off journalists and other news industry employees in this time of crisis,” said the union’s president, Jon Schleuss. |
G/O Media | G/O Media |
The owner of Gizmodo, Jezebel, The Onion and Deadspin laid off 14 people, or less than 5 percent of its employees, its chief executive, Jim Spanfeller, announced on April 3. | The owner of Gizmodo, Jezebel, The Onion and Deadspin laid off 14 people, or less than 5 percent of its employees, its chief executive, Jim Spanfeller, announced on April 3. |
Group Nine Media | Group Nine Media |
The publisher of The Dodo and NowThis laid off roughly 50 people, or 7 percent of its work force, on April 7, a spokeswoman said. Earlier, Group Nine had suspended 401(k) matches, put raises on hold, instituted a hiring freeze and cut executive pay 25 percent. Ben Lerer, the chief executive, will forgo his salary for six months. | The publisher of The Dodo and NowThis laid off roughly 50 people, or 7 percent of its work force, on April 7, a spokeswoman said. Earlier, Group Nine had suspended 401(k) matches, put raises on hold, instituted a hiring freeze and cut executive pay 25 percent. Ben Lerer, the chief executive, will forgo his salary for six months. |
The Hill | |
The Washington, D.C., politics site is cutting staff pay between 1 and 10 percent, said Jimmy Finkelstein, its president, in an internal email in early April. He said the site’s “exponential spikes in readership and viewership” weren’t a match for the poor ad environment and temporary shutdown of live events. The site was thrust into the news last year as congressional investigators focused on the work of former columnist John Solomon, which they believed had advanced dubious theories promulgated by Rudolph W. Giuliani concerning Vice President Joseph R. Biden Jr.; his son, Hunter; and Ukraine. | |
In-flight magazines | In-flight magazines |
A magazine genre caught between the stalled airlines industry and the troubled media business is in jeopardy. Sky magazine, which had been stuffed into seat backs of Delta jets for a decade, is no more, said Deb Hopp, a spokeswoman for the publishing company MSP-C. Its 16 staff members were laid off. In addition, Alaska Airlines has canceled the April and May issues of Alaska Beyond Magazine. | A magazine genre caught between the stalled airlines industry and the troubled media business is in jeopardy. Sky magazine, which had been stuffed into seat backs of Delta jets for a decade, is no more, said Deb Hopp, a spokeswoman for the publishing company MSP-C. Its 16 staff members were laid off. In addition, Alaska Airlines has canceled the April and May issues of Alaska Beyond Magazine. |
Lee Enterprises | Lee Enterprises |
With more than 70 papers, including The Buffalo News and The St. Louis Post-Dispatch, this national chain has instituted pay cuts and furloughs for its employees, according to a staff memo from Kevin Mowbray, the chief executive. Executives have taken a 20 percent pay cut. Lee Enterprises got bigger in January, when it bought 31 newspapers for $140 million from Berkshire Hathaway, whose chief executive, Warren Buffett, called the newspaper business “toast” last year. | With more than 70 papers, including The Buffalo News and The St. Louis Post-Dispatch, this national chain has instituted pay cuts and furloughs for its employees, according to a staff memo from Kevin Mowbray, the chief executive. Executives have taken a 20 percent pay cut. Lee Enterprises got bigger in January, when it bought 31 newspapers for $140 million from Berkshire Hathaway, whose chief executive, Warren Buffett, called the newspaper business “toast” last year. |
McClatchy | McClatchy |
In February, before coronavirus cases rose sharply in the United States, McClatchy, whose dailies include The Kansas City Star, The Miami Herald and The Sacramento Bee, filed for bankruptcy. On Thursday, the chief executive Craig Forman said the decline in ads required a “leave of absence” for about 120 non-newsroom employees — or less than five percent of the work force, according to a spokeswoman. In addition, the company laid off four executives, and Mr. Forman will take a 50 percent pay cut. | In February, before coronavirus cases rose sharply in the United States, McClatchy, whose dailies include The Kansas City Star, The Miami Herald and The Sacramento Bee, filed for bankruptcy. On Thursday, the chief executive Craig Forman said the decline in ads required a “leave of absence” for about 120 non-newsroom employees — or less than five percent of the work force, according to a spokeswoman. In addition, the company laid off four executives, and Mr. Forman will take a 50 percent pay cut. |
The Outline | The Outline |
Bustle Digital Group folded The Outline, a news site for millennials, and laid off its six-person staff and 18 other employees, on April 3. The company also cut pay for most remaining employees at its other publications, including Bustle, Nylon and Romper. The Outline was vulnerable because it included material “that might not be so palatable to mainstream advertisers,” said Leah Finnegan, its former executive editor. She added, “It’s sad that a pandemic had to come between us.” | Bustle Digital Group folded The Outline, a news site for millennials, and laid off its six-person staff and 18 other employees, on April 3. The company also cut pay for most remaining employees at its other publications, including Bustle, Nylon and Romper. The Outline was vulnerable because it included material “that might not be so palatable to mainstream advertisers,” said Leah Finnegan, its former executive editor. She added, “It’s sad that a pandemic had to come between us.” |
Slate | |
Now owned by Graham Holdings Company — of the family that once owned The Washington Post — Slate, one of the oldest online magazines, is reducing employee pay on a sliding scale of five to 20 percent. Executives will take a 25 percent pay cut, and the chief executive, Dan Check, a 50 percent reduction, a spokeswoman said. The cuts go into effect toward the end of April. | |
Sports Illustrated | Sports Illustrated |
Journalists at Sports Illustrated were among the 31 people laid off on March 30 by Maven, a digital platform and publisher in Seattle. Executives at Maven also took a 30 percent pay cut, James Heckman, the chief executive, said in a staff memo. The company bought Sports Illustrated in October and laid off employees at the storied publication shortly after the purchase. | Journalists at Sports Illustrated were among the 31 people laid off on March 30 by Maven, a digital platform and publisher in Seattle. Executives at Maven also took a 30 percent pay cut, James Heckman, the chief executive, said in a staff memo. The company bought Sports Illustrated in October and laid off employees at the storied publication shortly after the purchase. |
The Times Picayune/The New Orleans Advocate | The Times Picayune/The New Orleans Advocate |
Georges Media, the owner of several Louisiana newspapers including The Times Picayune/The New Orleans Advocate, furloughed 10 percent of its 120 newsroom employees in March. Other employees were shifted to four-day workweeks. “I forecast the revenue, and it wasn’t a pretty picture,” said Judi Terzotis, the publisher. “I felt like I needed to get ahead of the curve.” | Georges Media, the owner of several Louisiana newspapers including The Times Picayune/The New Orleans Advocate, furloughed 10 percent of its 120 newsroom employees in March. Other employees were shifted to four-day workweeks. “I forecast the revenue, and it wasn’t a pretty picture,” said Judi Terzotis, the publisher. “I felt like I needed to get ahead of the curve.” |
Valence Media | |
The publisher of Billboard and The Hollywood Reporter underwent layoffs, hiring freezes, and pay cuts for those making over $100,000 across departments, its chief executives said in an internal memo on April 14. The move came a few days after the publisher parted ways with Matthew Belloni, formerly The Hollywood Reporter’s editorial director. The memo said some of the personnel changes were related to restructuring that had nothing to do with the downturn. Among those impacted by the downsizing was the film critic Todd McCarthy, who wrote about his departure in an essay for Deadline. | |
Vice Media | Vice Media |
The digital outlet and TV studio instituted four-day workweeks for staff members who earn more than $100,000 for a 90-day period starting in April, said Jesse Angelo, a company vice president, on a March 30 call. Those earning more than $125,000 will have their pay reduced by 20 percent. Employees making between $100,000 and $125,000 will take a 10-percent cut. Nancy Dubuc, the chief executive, will reduce her salary 50 percent. | The digital outlet and TV studio instituted four-day workweeks for staff members who earn more than $100,000 for a 90-day period starting in April, said Jesse Angelo, a company vice president, on a March 30 call. Those earning more than $125,000 will have their pay reduced by 20 percent. Employees making between $100,000 and $125,000 will take a 10-percent cut. Nancy Dubuc, the chief executive, will reduce her salary 50 percent. |
W | W |
Future Media Group, the publisher of the fashion magazine W, as well as Surface and Watch Journal, has suspended print operations and furloughed 30 staff members at least until the end of the crisis, the chief executive Marc Lotenberg said. | Future Media Group, the publisher of the fashion magazine W, as well as Surface and Watch Journal, has suspended print operations and furloughed 30 staff members at least until the end of the crisis, the chief executive Marc Lotenberg said. |
Tribune Publishing | Tribune Publishing |
The publicly traded company behind The Chicago Tribune, The Baltimore Sun and The New York Daily News said on Thursday that it would permanently cut the salaries of those making more than $67,000 by 2 percent to 10 percent. The company will also offer an undisclosed number of buyouts, and employees have until April 17 to decide. The Tribune Publishing chief executive Terry Jimenez said he would not take his salary for two weeks. Other executives will also take pay cuts. Tribune Publishing, whose largest stakeholder is Alden Global Capital, did not reply to a request for comment. | The publicly traded company behind The Chicago Tribune, The Baltimore Sun and The New York Daily News said on Thursday that it would permanently cut the salaries of those making more than $67,000 by 2 percent to 10 percent. The company will also offer an undisclosed number of buyouts, and employees have until April 17 to decide. The Tribune Publishing chief executive Terry Jimenez said he would not take his salary for two weeks. Other executives will also take pay cuts. Tribune Publishing, whose largest stakeholder is Alden Global Capital, did not reply to a request for comment. |
Vox Media | |
The publisher of Vox, Eater and The Verge — and, since September, New York Magazine and its online offshoots — will furlough nine percent of its staff for three months beginning in May, concentrated in sectors, like ad sales and the sports site SB Nation, that the pandemic has rendered less active, said Jim Bankoff, the chief executive, in an internal memo on April 17. He forecast revenue decline in the “tens of millions.” Those making more than $130,000 a year will have their pay cut by 15 percent. Mr. Bankoff and Pam Wasserstein, the president, will have their pay cut 50 percent. Among the furloughed, according to an Instagram post, was a longtime New York Magazine restaurant critic, Adam Platt. | |
Advance Local | |
The national chain whose properties include The Star-Ledger of New Jersey as well as news sites and newspapers in Alabama, Michigan, Oregon and elsewhere is implementing one- to two-week furloughs for all staff between May and December, said Caroline Harrison, the chief executive, in an internal email on April 15. The company is also suspending 401(k) matches. | |
American Media | American Media |
Controlled by the hedge fund Chatham Asset Management, the publisher of The National Enquirer, In Touch and Us Weekly said on March 28 that it had cut the pay of all employees by 23 percent. | Controlled by the hedge fund Chatham Asset Management, the publisher of The National Enquirer, In Touch and Us Weekly said on March 28 that it had cut the pay of all employees by 23 percent. |
The Athletic | The Athletic |
This disrupter of traditional sports sections, founded in 2016, has cut its executives’ salaries, a spokeswoman said. With no games to cover (and no travel expenses filed by its roughly 300 editorial employees), this subscription site is looking to preserve the $50 million it brought in during a recent fund-raising round. | This disrupter of traditional sports sections, founded in 2016, has cut its executives’ salaries, a spokeswoman said. With no games to cover (and no travel expenses filed by its roughly 300 editorial employees), this subscription site is looking to preserve the $50 million it brought in during a recent fund-raising round. |
The Dallas Morning News | The Dallas Morning News |
With a paid Sunday circulation of 143,000, the paper has cut the pay of newsroom employees between 3 percent and 17 percent, its parent company, A.H. Belo, said in a public filing on April 6, and executive compensation has gone down as much as 27 percent. | With a paid Sunday circulation of 143,000, the paper has cut the pay of newsroom employees between 3 percent and 17 percent, its parent company, A.H. Belo, said in a public filing on April 6, and executive compensation has gone down as much as 27 percent. |
FiscalNote | |
The publisher of CQ and Roll Call, two politics publications, laid off 30 people, or around six percent of its work force. This applied to the entire company, which also has non-media arms, said Tim Hwang, the chief executive, in an April 2 letter. A spokeswoman declined to comment further. | |
San Francisco Media Company | San Francisco Media Company |
The publisher of The San Francisco Examiner and SF Weekly has cut hours and pay for many employees and temporarily halted the weekly’s print edition. Deborah Petersen, the editor in chief, described the situation as a “cruel irony,” given that, one recent day, The Examiner website had 6,000 times its usual traffic. | The publisher of The San Francisco Examiner and SF Weekly has cut hours and pay for many employees and temporarily halted the weekly’s print edition. Deborah Petersen, the editor in chief, described the situation as a “cruel irony,” given that, one recent day, The Examiner website had 6,000 times its usual traffic. |
The Austin Chronicle | The Austin Chronicle |
The alt-city’s alt-weekly announced on March 20 that it would publish its print edition every other week. One of the Texas capital’s first 23 confirmed coronavirus cases was a staff member. | The alt-city’s alt-weekly announced on March 20 that it would publish its print edition every other week. One of the Texas capital’s first 23 confirmed coronavirus cases was a staff member. |
The Forum | The Forum |
The Forum, a locally owned daily paper in Fargo, N.D., announced that it had ceased publishing its Monday and Friday print editions. | The Forum, a locally owned daily paper in Fargo, N.D., announced that it had ceased publishing its Monday and Friday print editions. |
India Abroad | India Abroad |
This 50-year-old newspaper serving the Indian-American community has eliminated its print edition, said Suresh Venkatachari, the publisher of this New York publication, in a note to readers. Pandemic-related ad cancellations factored into the decision. | This 50-year-old newspaper serving the Indian-American community has eliminated its print edition, said Suresh Venkatachari, the publisher of this New York publication, in a note to readers. Pandemic-related ad cancellations factored into the decision. |
The Los Angeles Times | |
The parent company of the West Coast daily, which was purchased two years ago by the billionaire physician and entrepreneur Patrick Soon-Shiong, is furloughing 40 non-newsroom employees for 16 weeks and cutting the pay of senior managers, said Chris Argentieri, its president, in an internal memo on April 14. The Times also said in a note to readers that it was closing three community weeklies — The Glendale News-Press, Burbank Leader and La Cañada Valley Sun — and laying off 14 people, including guild members. In a separate internal letter, Mr. Argentieri estimated that The Times would lose “more than half” of its ad revenue in the coming months. | |
The Newtown Bee | The Newtown Bee |
This Connecticut weekly has suspended its print edition, said the publisher, whose family has owned the paper since 1879. The publication serves the community that was devastated by the Sandy Hook Elementary School shooting in 2012. | This Connecticut weekly has suspended its print edition, said the publisher, whose family has owned the paper since 1879. The publication serves the community that was devastated by the Sandy Hook Elementary School shooting in 2012. |
The Plain Dealer | The Plain Dealer |
The near-collapse of this venerable Cleveland daily, owned by Advance Publications, coincided with the economic downturn. The company laid off 22 of 36 newsroom employees on April 3, a move that benefited the Advance-owned cleveland.com, a news site whose articles have appeared in The Plain Dealer’s pages. Unlike The Plain Dealer, cleveland.com is not a union shop. After the layoffs, Advance reassigned most of the 14 remaining Plain Dealer journalists to cover areas outside Cleveland. On Friday, 10 of the reassigned reporters lost their jobs after they asked to be laid off, the Plain Dealer editor said. The Plain Dealer News Guild said that Advance had “put dedicated journalists in an impossible situation.” | The near-collapse of this venerable Cleveland daily, owned by Advance Publications, coincided with the economic downturn. The company laid off 22 of 36 newsroom employees on April 3, a move that benefited the Advance-owned cleveland.com, a news site whose articles have appeared in The Plain Dealer’s pages. Unlike The Plain Dealer, cleveland.com is not a union shop. After the layoffs, Advance reassigned most of the 14 remaining Plain Dealer journalists to cover areas outside Cleveland. On Friday, 10 of the reassigned reporters lost their jobs after they asked to be laid off, the Plain Dealer editor said. The Plain Dealer News Guild said that Advance had “put dedicated journalists in an impossible situation.” |
San Diego Magazine | San Diego Magazine |
This city magazine, founded in the 1940s, has laid off 37 employees — everyone but the bookkeeper — while it waits out the pandemic, said Jim Fitzpatrick, the chief executive and publisher. The May issue is “in the can,” he added, but he is not sure when it will come out. | This city magazine, founded in the 1940s, has laid off 37 employees — everyone but the bookkeeper — while it waits out the pandemic, said Jim Fitzpatrick, the chief executive and publisher. The May issue is “in the can,” he added, but he is not sure when it will come out. |
Seven Days | Seven Days |
The free weekly in Burlington, Vt., whose circulation dwarfs that of the daily Burlington Free Press, laid off seven employees, said Paula Routly, the editor and publisher. She hopes to rehire them after the crisis. | The free weekly in Burlington, Vt., whose circulation dwarfs that of the daily Burlington Free Press, laid off seven employees, said Paula Routly, the editor and publisher. She hopes to rehire them after the crisis. |
The Stranger | The Stranger |
Founded at the peak of grunge in 1991, the alt-weekly temporarily laid off 18 employees, citing what its print editor, Christopher Frizzelle, called a “hellscape of unforeseen economic events.” | Founded at the peak of grunge in 1991, the alt-weekly temporarily laid off 18 employees, citing what its print editor, Christopher Frizzelle, called a “hellscape of unforeseen economic events.” |
Tampa Bay Times | Tampa Bay Times |
Owned by The Poynter Institute, a nonprofit, this Florida daily has limited its print editions to two days a week — Wednesdays and Sundays — and issued eight-week furloughs “for some staffers whose work has been impacted by the virus’ effect on the economy,” a spokeswoman said. The furloughs do not apply to newsroom employees. Last month, in a move unrelated to the pandemic, the paper announced 11 layoffs and a 10 percent pay cut for full-time staff members. | Owned by The Poynter Institute, a nonprofit, this Florida daily has limited its print editions to two days a week — Wednesdays and Sundays — and issued eight-week furloughs “for some staffers whose work has been impacted by the virus’ effect on the economy,” a spokeswoman said. The furloughs do not apply to newsroom employees. Last month, in a move unrelated to the pandemic, the paper announced 11 layoffs and a 10 percent pay cut for full-time staff members. |
Edmund Lee, Elizabeth Paton and Jaclyn Peiser contributed reporting. | Edmund Lee, Elizabeth Paton and Jaclyn Peiser contributed reporting. |