Media Job Cuts Acceleration

Wow... Check these headlines, all from todays's (01/09/08) I Want Media newsletter/clipping service (always excellent), see below.

All this news about the writers' strike in the US, the media job cuts, and the problems in media work felt by professionals in other fields and countries again signal the need to critically reconsider what it means to be culturally employed.

Time Warner May Cut 1,000 Jobs Due to Strike

Up to 1,000 employees at Time Warner's Warner Bros. studio in Burbank, Calif., could be laid off after Friday as a result of the Hollywood writers strike. The Warner Bros. notice represents the first concrete sign that the strike could trigger massive job cuts across Hollywood.

McGraw-Hill to Cut 611 Jobs; More May Come

McGraw-Hill, the parent of BusinessWeek magazine and the Standard & Poor's credit rating agency, is eliminating 611 jobs to reduce costs and boost shareholder returns. Also: CEO Harold McGraw says that a second round of job cuts, beyond the 611 announced, could be "prudent."

Chicago Sun-Times Reduces Size, Cuts Jobs

The Chicago Sun-Times is shrinking its physical size by about 1 inch to save newsprint costs. Also, pending staff cuts will pare editorial positions by 19%, the largest local newsroom layoff in recent memory. "The business model is clearly shifting," says one observer.

Seattle Times Plans to Cut Its Work Force

The Seattle Times plans to reduce its work force by 86 positions, mostly through attrition, to aid its financial struggles. The cuts include 17 layoffs, most of them in circulation. The newspaper shares key business operations with Hearst's Seattle Post-Intelligencer.