Thursday, February 14, 2008
Times Shouldn't Shoulder the Whole Burden
By Ken Reich
"More tomorrow on the depressing news that the L.A. Times is in for new downsizing, buyouts and layoffs, including 40 to 50 in the newsroom. It shows, among other things, that the carcass of fired CEO Dennis FitzSimons, who never wanted to do anything but cut, may not have yet been carted from the executive board room in Chicago.
An early, constructive move by Sam Zell might be to appoint a new publisher in Los Angeles, with local business experience. But it's important too to stop using the profits at the L.A. Times to support the rest of a failing company. It must be recognized, we are living through hard times in the newspaper business, but the Times shouldn't shoulder the whole burden."
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