Strength to our friends at Tribune @TribPub who are facing cuts to their newsrooms, while executives and shareholders earn millions. https://t.co/1P8cs4z3i3
— Rebekah L. Sanders 🌵 (@RebekahLSanders) January 13, 2020
It's all clickbait now. The real question is …are they just giving the readers what they are clamoring for or are they creating the market for the nonsense?
— Jojo ain't playin (@JojoPlayin) January 13, 2020
Meanwhile, the marketing machine in government and business grows.
— lisa scheid (@LisaScheid) January 13, 2020
So sad. One little bonus or two would equal so much more boots-on-the-ground journalism. Greed greed greed.
— Lori A. Carter (@loriacarter) January 13, 2020
Anticipated but still sad to see the business slowly dismantled
— Frances Bowman (@fbowman) January 13, 2020
8 years or more is the cutoff? That seems low for buyouts.
— Katherine Knott (@Knott_Katherine) January 13, 2020
IMPORTANT THREAD: @tribpub CEO Tim Knight sent an email saying that buyouts would be offered throughout the company….@newsguild @PhillyNewsGuild @greenhousenyt @taliabuford…
— The Morning Call Guild ☀️ (@mcallguild) January 13, 2020
In his email, he says: "Operationally, we are in a better position now than at any time since spinning off as Tribune Publishing,…"
— The Morning Call Guild ☀️ (@mcallguild) January 13, 2020
He then goes on to say: "Although our digital successes provide good momentum, we continue to face industry-wide revenue challenges…"
— The Morning Call Guild ☀️ (@mcallguild) January 13, 2020
"We need to anticipate continued print revenue declines by reducing our expenses. "….
— The Morning Call Guild ☀️ (@mcallguild) January 13, 2020
We could talk about the tens of millions in shareholder bonuses and executive separation packages that were given out over the last year alone….
— The Morning Call Guild ☀️ (@mcallguild) January 13, 2020
But today we're focusing on two things, the two things we value most….
— The Morning Call Guild ☀️ (@mcallguild) January 13, 2020
First: Our readers, who deserve better. We work really hard to provide the best local news coverage we can despite actions like these. Cutting staff — instead of executive salaries or shareholders' bonuses — means less news coverage. It's that simple….
— The Morning Call Guild ☀️ (@mcallguild) January 13, 2020
Second: Our members. We are working on this as we speak and will provide information shortly. This is subject to negotiations. For those who want to move on, we'll be working hard to ensure you get the best package possible….
— The Morning Call Guild ☀️ (@mcallguild) January 13, 2020
We cannot say enough. Our industry isn't dying. It's being killed by greed. #savelocalnews @dfmworkers #aldenexposed @darrendcarroll
— The Morning Call Guild ☀️ (@mcallguild) January 13, 2020
American media landscape dying by a thousand cuts. Democracy is the primary victim.
But hey, Tribune executives need raises and bonuses, so we need to protect that.
— Deep Time (@rstackjr) January 13, 2020
Tribune Publishing offers employee buyouts, two months after hedge fund Alden takes 32% stake https://t.co/9XROp6ivE9
— Bernie "A President isn't above the law" Cicirello (@ChicagoBernie) January 13, 2020
Tribune Publishing offers employee buyouts, two months after hedge fund Alden takes 32% stake, @robertchannick reports. https://t.co/lvf0v0G0Er
— Dan Petrella (@PetrellaReports) January 13, 2020
Tribune Publishing offers employee buyouts, two months after hedge fund #AldenGlobal takes 32% stake #media #newspapers https://t.co/BEBRxcC5Bq
— Robert Channick (@RobertChannick) January 13, 2020
Today we learned that @tribpub is "offering a Voluntary Separation Incentive Plan" to employees who have been here for 8 or more years. This is the second round of buyouts to hit company newsrooms in the last 15 months.
— Hartford Courant Guild (@CourantGuild) January 13, 2020
In the announcement, CEO Tim Knight said, "Operationally, we are in a better position now than at any time since spinning off as Tribune Publishing, and the successes we have enjoyed over the last year have allowed us to confidently take on the challenges facing our industry. "
— Hartford Courant Guild (@CourantGuild) January 13, 2020
Somehow, that translates to more buyouts and cuts to our reporting, editing and photo staffs.
— Hartford Courant Guild (@CourantGuild) January 13, 2020
During the Nov. 2018 buyouts, @hartfordcourant lost 20% of its newsroom.
Decades of experience walked out the door. The remaining news staff was left juggling huge workloads. Though we try our best, these cuts have meant less coverage for our communities.
— Hartford Courant Guild (@CourantGuild) January 13, 2020
We're still learning what these buyouts mean for our staff and our readers. But one thing is certain: @tribpub should be investing in local news operations, not slashing staff.
— Hartford Courant Guild (@CourantGuild) January 13, 2020
Tribune Publishing is doing it yet again. Buyouts in anticipation of further print revenue declines: "To reduce expenses and avoid turning to company-wide reductions of the workforce as a last resort, the company is offering this voluntary separation incentive plan," memo says
— Brian Stelter (@brianstelter) January 13, 2020
nobody reads newspapers legal adds only thing keeping them in business
— The Dude (@DudeOrder) January 13, 2020
I beg to differ. I read my newspaper regularly. After hubby is done with it. He dies not miss 1 day! And he gets it at the corner.
— Bowwow4now (@BowWow4Now) January 13, 2020
😢 the increasing decline of Print media should disturb everyone. How much of it is corporate poor planning and untenable Acquisitions?
— Hank Fiengo (@fiengo_hank) January 13, 2020
Here's the announcement of the "Voluntary Separation Incentive Plan" being offered by Tribune Publishing to "all eligible employees with eight (8) or more years of company service." pic.twitter.com/CnAk62cmgv
— ErikWemple (@ErikWemple) January 13, 2020
American media landscape dying by a thousand cuts. Democracy is the primary victim.
But hey, Tribune executives need raises and bonuses, so we need to protect that.
— Deep Time (@rstackjr) January 13, 2020
Our communities deserve local news investment. This ain’t it, @tribpub. https://t.co/Ni5F330Zr5
— Emily Brindley (@em_brindley) January 13, 2020
News: Tribune Pub update: CEO Tim Knight offers voluntary buyouts to all employees with 8+ years of service, says he hopes to avoid company-wide layoffs.
Says he's writing in light of "speculation about the future."
Alden Global Capital owns 33% – can buy more after June
— David Folkenflik (@davidfolkenflik) January 13, 2020
not today. more buyouts coming to my paper and the chain as a whole.
— Daniel Patrick Sheehan (@lvstories1) January 13, 2020
@chicagotribune announces employee buyouts. https://t.co/3HGRhofLvj
— Michael Arndt (@Mr_Innovation) January 13, 2020
.@chicagotribune parent offers buyouts https://t.co/UPlSgJTYqe
— Crain's Chicago (@CrainsChicago) January 13, 2020
If you recall, our papers had voluntary buyouts in the last quarter of 2018. That's how a lot of these jobs disappeared: https://t.co/nmDPCr7LB8
— Sara Gregory (@saragregory) January 13, 2020
Tribune Publishing execs pushing to shrink the Chicago Tribune newsroom again, less than a year after the company did this: pic.twitter.com/cggYDTXBeJ
— Michael Hawthorne (@scribeguy) January 13, 2020
The Chicago Tribune’s parent company is flush with cash. But rather than investing in journalism, executives continue to horde earnings for themselves and shareholders.
Now @tribpub wants to jettison its already shrinking staff of experienced journalists by dangling buyouts. pic.twitter.com/qUlKL7yMrG
— Michael Hawthorne (@scribeguy) January 13, 2020
We're still learning about the buyout offer company executives announced this morning and gathering the information we need to help our members make good decisions. No matter what may come, we're committed to preserving a future for journalism that serves readers.
— Chicago Tribune Guild (@CTGuild) January 13, 2020
We do know that this company, our readers and our journalists would be best served by a long-term investment in sustainable, quality journalism. We're going to keep pushing for that.
— Chicago Tribune Guild (@CTGuild) January 13, 2020
Disheartening news today: @tribpub is offering buyouts to journalists across its properties to "avoid turning to company-wide reductions …"
Chicago suffers when there are fewer reporters keeping tabs on your public officials, your government, your community. https://t.co/SafUm6wHSO
— Elyssa Cherney (@ElyssaCherney) January 13, 2020
One of my closest friends in the newsroom just sent me this email and I’m absolutely horrified.
Employees of @tribpub deserve SO MUCH MORE than this “leadership.”
Chicago deserves better than this continued gutting of its local journalism. https://t.co/TYwtJ0jsXs— Jessi Roti (@JessiTaylorRO) January 13, 2020
.@tribpub, owner of @baltimoresun @chicagotribune, announces buyout offers to staff despite being "in a better position now than at any time since spinning off as Tribune Publishing." pic.twitter.com/88lP5nEqO3
— Doug Donovan ☀️ (@DougDonovan) January 13, 2020
I have been through buyouts at multiple papers, but I've never heard of them being offered to people with as little as eight years in. https://t.co/QHyOFtFtDj
— Andy Marso (@andymarso) January 13, 2020
Here's a story our @patrickelwood reported in December as a company with a reputation for cost cutting bought-up Tribune Publishing stock: https://t.co/ZAMGg5RQCG
— Ben Bradley (@BenBradleyTV) January 13, 2020
.@chicagotribune parent company Tribune Publishing offering buy-outs to staff members with 8 or more years experience.
"While it is our desire to retain all of our talented employees, we must confront and plan for the significant financial hurdles ahead" – CEO Tim Knight
— Ben Bradley (@BenBradleyTV) January 13, 2020
Email from corporate just now about "voluntary separation incentive plan" for employees with 8+ years of service.
— Peter Nickeas (@PeterNickeas) January 13, 2020
It's sad.
— Peter Nickeas (@PeterNickeas) January 13, 2020
Here's the email 😑 pic.twitter.com/wo9F5yh1xT
— Peter Nickeas (@PeterNickeas) January 13, 2020
8 years? Man, that's not necessarily the largest paychecks, but it's the next generation of leaders. How do these clowns justify their paychecks?
— Alex Parker (@AlexParker) January 13, 2020
This line makes my eye twitch pic.twitter.com/nn7xr11nai
— MisterJayEm (@MisterJayEm) January 13, 2020
Fresh buyouts at the Chicago Tribune. https://t.co/DVuU0XgHGx
— Dalton Barker (@Dalton_Barker) January 13, 2020
🚨 The @chicagotribune’s parent company is offering buyouts to journalists with eight or more years of company service. We need a local civic-minded owner to ensure we can keep doing the excellent work we do for the regions we cover
— Gregory Pratt (@royalpratt) January 13, 2020
Or out-of-town. Someone from out of town would be fine, too.
— Liam T.A. Ford (@ltaford) January 13, 2020
The city should just fund it – they do the IG's job anyway 😅
— Andrew E Herrera (@CzechMex1989) January 13, 2020
Dear Some Really Rich Person, Please save the Tribune. Chicago needs the Chicago Tribune. https://t.co/p87e4e0LkY
— Matt Lindner (@mattlindner) January 13, 2020
Terrible journalism news brewing at the Tribune… https://t.co/QHsUuzTgGj
— Danny Parkins (@DannyParkins) January 13, 2020
.@tribpub, the @virginianpilot/@Daily_Press/@vagazette's parent company, is offering buyouts to staff with 8+ years of experience. CEO Tim Knight says: "Operationally, we are in a better position now than at any time since spinning off as Tribune Publishing."
— Sara Gregory (@saragregory) January 13, 2020
Inbox: @tribpub is offering buyouts to employees with at least eight years of service. Seems in line with expectations after Alden Global Capital got two seats on the board — that they'd seek to boost profits by cutting costs.
— Baltimore Sun Guild ☀️ (@baltsunguild) January 13, 2020
"Operationally, we are in a better position now than at any time since spinning off as Tribune Publishing," CEO Tim Knight said. "[W]e need to anticipate continued print revenue declines by reducing our expenses."
— Baltimore Sun Guild ☀️ (@baltsunguild) January 13, 2020
We would rather see @tribpub focus on newsroom investment, making sure its products are valuable ones people want to pay for. We need to #StopAlden and #SaveLocalNews.
— Baltimore Sun Guild ☀️ (@baltsunguild) January 13, 2020