Otis Chandler

13%
Flag icon
The only way to sustain profits seemed to be to cut personnel. Each journalist cost nearly half a million dollars when you added in healthcare costs and other coverage fees. The old-timers cost even more. Thinning the herd was the only way to achieve significant savings. So the newsroom shrank from almost 1,000 journalists to 640 over the next seven years.
Merchants of Truth: The Business of News and the Fight for Facts
Rate this book
Clear rating
Open Preview