Layoffs imminent at The Philadelphia Inquirer - expected to cut 17% of newsroom staff

Posted on January 4, 2007
Filed Under Advertising, Current Affairs, Journalism, Newspapers, Trends |

Amounting to 68-71 employees. The International Herald Tribune reports that the move follows the sell-off of the title by Knight Ridder to McClatchy who subsequently sold to a group of local businessmen.  The move has been closely scrutinised to determine whether a local and privately held ownership (rather than centralised and corporate) could work.  

But things changed over the summer as advertising revenue for papers across the country plummeted and circulation continued its years-long decline. At The Inquirer, the consolidation of local department stores and telecommunications companies has meant fewer ads, with revenue falling 10 percent in September 2006, from September 2005.

Daily circulation fell 7.6 percent, to 330,000, in the last year. Sunday circulation was down 4.5 percent, to 682,000, in the same period.

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