54 take buyout at Trib, WFLA and tbo.com
June 11th, 2008 by Wayne Garcia in The Business of MSMPart of the other shoe has dropped over on Parker Street; sources tell me that 75 employees in the Tampa Tribune’s advertising department were let go earlier this week. (UPDATE: the official word from Media General was that it was 21, according to a story published by the Trib on Thursday after this blog post was written.) No editorial cuts were announced, but today, the head of Media General’s combined operations in Tampa (the Trib, Newschannel 8, tbo.com and other properties) wrote to the staff that more layoffs are coming in the next few weeks. Here is a copy that was supplied to me by a source who requested anonymity. (I left a message to speak with Schueler about the cuts and will let you know when/if I get to interview him.):
From: FCG_Communication
Sent: Wednesday, June 11, 2008
Subject: A message from John SchuelerOver the next couple of weeks, we will be wrapping up the voluntary buyout program we offered. Out of the 650 eligible for the buyout, as of today 54 will be leaving us. There may be a few more as individuals make their personal decisions. We appreciate all of their many contributions and wish them well. They will be missed.
As we stated before, if the voluntary buyout program does not produce the necessary reduction to align our expenses with our current revenue expectation, we will need to follow up with an involuntary program. These plans are being announced within departments and to individual employees as they are finalized. Some are happening now and others will occur over the next few weeks.
We realize how difficult and uncomfortable this is for everyone. We have an obligation to review our processes, products and services and then align our resources with revenue. As a result, we have to make tough decisions and develop priorities. We must continue doing the things that are most important to us and to the communities we serve. By taking this approach, we expect to retain our market position, support our journalistic mission and be capable of leveraging a rebounding economy.
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