Monday, November 10, 2008

Media Industry Job Cuts

  • Boston Globe (NYT) lays off 42. More layoffs in the dying newspaper industry, this time at the New York Times Company's (NYT) Boston Globe. 42 employees are being shown the door, mostly managers in advertising, circulation, and marketing. The entire newsroom was spared. [Silicon Alley Insider]
  • MDP, which until now has been an exception among publishing companies that have been slashing staff in the face of falling ad revenue, is joining them. The publisher of mass women's titles like Better Homes and Gardens and Family Circle cut about a dozen salespeople from its magazines, most prominent among them Jack Bamberger, a driving force behind Meredith's 360 strategy to offer advertisers a broad menu of print, online, experiential marketing and other ad platforms. [MediaWeek]
  • Hearst will shutter O at Home, the quarterly spinoff of The Oprah Magazine. After a 2004 launch, the magazine climbed from 600,000 subscribers in 2004 to 1.4 million, but that's not enough to overcome an industry-wide decline that's seen ad pages drop by double digits in other Hearst pubs Cosmopolitan, CosmoGirl and Esquire. [Silicon Alley Insider]
  • BitTorrent, the San Francisco-based company that has been trying to develop an online video service and company around the open source P2P delivery technology, has been in deep trouble for a while now, and the issues came to fore this week, as the CEO and President of the company have left. The company has also fired about half of its employees, 18 in number, and this after it laid off 20 percent of the staff in August. [paidContent]

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