Washington Times A Sign Of The Times
The Washington Times, a 27 year old newspaper, is gutting its staff of 40% of their employees. The entire staff of photographers were terminated. Also, the sports section will be eliminated. “Our market-based, forward-looking plan is both a response to the recessionary economy, continued downward financial pressures on the news industry and our transition into a 21st century multimedia enterprise,” said the president of The Times.
Newspaper publishers and television broadcasters had already seen a huge downturn in advertising revenues. Then, the economic slowdown landed a fatal final blow to many traditional publishers.