Thursday, January 08, 2009

Lee Enterprise Layoffs


It's a tough time for the media these days. It seems toughest for the newspaper industry. Davenport-based Lee Enterprises lost more than $800 million last fiscal year and has seen its stock price plummet (it's 56 cents as I write this). The company owns my "hometown" newspaper, the St. Louis Post-Dispatch, and laid off 39 people from that paper today.

1 comment:

Anonymous said...

Yeah. It shall happen more often. People are sick of journos and their leash-holders trying to tell us what to think. The internet allows us to openly discuss issues. Forget about centrally controlled papers and TV. They reached their use-by date.