It’s been a particularly grim seven days. Amid colossal layoffs, plunging revenues and a bleeding Wall Street, media reporters found themselves on the front lines — chronicling their own demise.
this article was last updated on Monday, Feb. 2:
New York Observer print media reporter John Koblin spent Wednesday trying to figure out the odds of survival of America’s paper of record.
- The Los Angeles Times killed its California section on Friday, the main section that covers local news, and announced upcoming layoffs of 300 staffers, including 70 newsroom workers. The was covered in the paper under this headline: "L.A. paper loses local news section." Rumors are widespread that the foreign desk staff may be elimnated entirely.
- Thirty staffers were let go on Monday from Reed Business, which cut employees at Variety, Publishers Weekly, 411, Video Business and Trade Show Week. Now word comes from insiders that Weekly Variety , a 103-year-old publication, may be eliminated.
- Page Six Magazine, formerly a weekly, said today it is cutting back to four issues per year.
- The Washington Post said it will end regular publication of its weekly Book World section, one of the last remaining stand-alone book review sections left among daily newspapers.
- The McClatchy Co. – which publishes 30 newspapers including the Miami Herald and Sacramento Bee – said Tuesday it would it will suspend paying its quarterly dividend "for the foreseeable future" to save cash to help pay off its debts.
- Condé Nast Publications announced its intention to shutter Domino, its shopping and home décor magazine.