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The NYT Reality Check -- Announcing Just Three Days Before The Q3 Earnings Announcement That 100 Newsroom Jobs Are To Go Means Management Wants To Be Seen As Proactive Before Those Lousy Results Hit
Philip M. Stone October 21, 2009 Follow on Twitter
Everyone is so enthralled that newspaper companies seem to have their cost side under control, reporting higher earnings despite rotten revenues, that the New York Times reality check came as a bit of a shock -- announcing just three days before Q3 earnings are released that 100 newsroom jobs are to go, the timing obviously intended to show that management is managing, but this time around shareholders may not be impressed.
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