1) Lots of Readership= lots of Ads
2) Lots of ads = lots of revenue
3) Lots of revenue = success
4) Newspaper Business= Less readership
5) Less readership = Less ads
6) Do we really need to spell this out?
James O’Shea, the editor of the Los Angeles times was fired by publisher Dave Hiller (above) after refusing to carry out $4 Million dollars in budget cuts. Since 2005, O’Shea is the third editor to leave the Times. In 2006, then-editor Dean Banquet also left over cost-cutting issues. Said Reuters: “The Times has struggled along with other media companies in an adverse newspaper advertising environment, and has cut staff and editorial resources in recent years.”
O’Shea didn’t go out quietly. Heres an excerpt from his letter to the Times’ newsroom after his termination:
“(We) didn’t share a common vision for the future of the Los Angeles Times… David decided he wanted to terminate my employment and get another editor.”
Hm. Close, cut back… in the world of business, that usually means termination of employees somewhere down the line. Thats not good, thats not good at all!