This is in response to fairly weak advertising performance,
More Quotes from John Morton:
When Tribune acquired Times Mirror they acquired papers with much lower operating profits than Tribune papers have traditionally thrown off. The L.A. Times has a larger staff than is typical for that size of paper. They've been trying to address that without appearing to be a slash-and-burn company.John Morton
This is quite a dramatic change from what the history of the company has been in terms of whom the board has chosen to lead it.
John Morton
It's an attractive market, which is why there are so many people fighting for market share over there. The Washington Post is never going to get down to the chicken-dinner coverage of these communities, and some of these community newspapers come close to that.
John Morton
These newspapers generally have by industry standards fairly fat news staffs, so generally the layoffs are not draconian,
John Morton
You need to know what's for sale and what isn't. Allowing ads and editorial content to get blurred, however you do it, is in the long run inimical to a newspaper's reputation - and probably to its business.
John Morton
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