Friday, February 01, 2019

DEAD-TREE DOWNSIZING: McCLATCHY STOCK STRUGGLES AS BUYOUTS ELIMINATE OLD SCHOOL WORKERS LIKE MOST OF THE KANSAS CITY STAR!!!

Former newspaper workers with political connections are working at discount rates for public radio . . . Here's their glorified blog from real news earlier in the day that shares the bad news about former coworkers with just a bit of glee that's prevalent among all of the bitter old school newsies who stalk the local Internets in order to correct spelling and grammar during their abundant spare time. Read more as people with more diverse interest their stock price struggling to stay above a paltry 6 bucks as hedge funds look for another asset to liquidate:

Parent Company Of The Kansas City Star Offers Buyouts To 450 Of Its Employees

McClatchy Co., the parent company of The Kansas City Star and the Wichita Eagle, is offering buyouts to about 10 percent of its workforce. In an email to employees on Friday, McClatchy President and CEO Craig Forman said the company was "rolling out two major initiatives," including "a voluntary early retirement program for qualified colleagues, as we continue to align the size of our workforce to the changes that come with digital transformation."

8 comments:

Anonymous said...

Bye Felicia...

Anonymous said...

Guess this digital media thing isn't working to well.

Anonymous said...

When the Star has as a point-of-sale advertisement for the Sunday paper the amount of grocery coupons enclosed in their paper, you have to think that the end can't be too far off.
Where's the editorial board?
Clean-up in aisle six!

Anonymous said...

Gotta wonder who received one of the "invitations" to take early retirement.

They've had so many layoffs and buyouts over the years that few veterans remain standing.

On the editorial board, maybe Helling and Kraske will exit together like the odd pair of Yael Abracadabra and Lewis DoBad.

Anonymous said...

Buh and bye!

Anonymous said...

This is all about finagling retirement monies and such before it all falls down once and for all.

Jobu said...

I am not looking forward to reading the Dave Helling blog. But I guess I have to.

Anonymous said...

Maybe Kraske can get a job at a local statuary.