To Be Bought Out Or Not To Be Bought Out?

Today is the deadline for Morning News employees to decide whether they’ll accept a buyout or stick around and risk getting laid off. I’m told that so far only 15 employees have decided to take the money and run. Good luck to those of you who are still undecided. (The best source for info today will be here.)

66 comments

  1. This thread will probably launch a round of jokes but I know well and would like to say… no few people who make their living at the DMN (and FWST) love their work, love the newspaper business, love journalism, love this city, love their readers… and really have a sense of caring mission. That said, they are also real live human worker bees in a ‘challenging’ market economy. Let’s all give a thumbs up support that the baby doesn’t get thrown out with this latest bath water.

    @ 11:15 am on August 20, 2008
  2. The misguided decisions of a few continue to have a negative effect on hundreds of employees and thousands of readers. And the few will continue to be handsomely rewarded for their decisions. What a country.

    @ 11:18 am on August 20, 2008
  3. Tom nailed it. TDMN/AH Belo does many good things as a company, but they also do a lot of bad, ill-advised, poorly-thought-out things that have not helped their situation in an already tenuous industry, and – more importantly – have caused many readers to abandon them and/or wish them ill will despite all the good work the paper’s employees continue to do on a daily basis.

    @ 11:42 am on August 20, 2008
  4. Looks like the ST chose the same day to announce another round, too.
    http://www.star-telegram.com/804/story/847066.html

    @ 11:56 am on August 20, 2008
  5. No one is reading the paper, except old people.

    And the news is always late, it doesn’t work
    in breaking news like t.v., radio, or online.

    Die, Die, Die My Newspaper. I won’t miss you.

    @ 11:58 am on August 20, 2008
  6. You’ve got to know these newspaper
    muckety-mucks have to be on the phone saying, “Let’s layoff at the same time” between DMN and Star-T.

    @ 12:03 pm on August 20, 2008
  7. Old people and smart people are.

    @ 12:05 pm on August 20, 2008
  8. As long as Wall Street is allowed to call the shots at the media companies of this nation, this trend will continue. Groveling at the feet of the moneylenders has done more harm to daily newspapers than soft ad markets and the failure to grasp the impact of the internet. I’d love to see an additional person at each of the upcoming “firing” meetings at the DMN, a Wall Street media analyst who would have to witness firsthand the ends of careers and the havoc wreaked on families of journalists who have spent a lifetime in what is more than a job. Also interesting to note that the those few who continue to make these mis-guided decisions, are completely insulated from the lives their actions are ruining. Mid-level managers shouldn’t be the ones who apologize for having to let someone go….. the consequences should be felt more personally in the boardroom.

    @ 12:05 pm on August 20, 2008
  9. Tom and his prattling on about how self important news is and the people that work in it. You’d think news and newspeople were the Salvation Army going into a disaster area the way he prattles on.

    Sorry but I don’t worship newspeople.

    Old thinking, Old thoughts, blah-blah-blah.

    @ 12:06 pm on August 20, 2008
  10. And what is it that you do?

    @ 12:08 pm on August 20, 2008
  11. Well said Rawlins.

    @ 12:17 pm on August 20, 2008
  12. Bravo, Bethany, bravo!

    @ 12:25 pm on August 20, 2008
  13. @Old Person: I don’t worship newspeople, either. And I’m more than ready to put the printed paper form of journalism in its grave. But many of us grew up loving the news and the news business, only to find out it’s too much like what Ex-employee, ex-subscriber commented about and not enough of a contributor to the public good.

    @ 12:42 pm on August 20, 2008
  14. “Those who think themselves modern and wish to bury all that is ‘old’ already have one foot in the grave. The other is in their mouth.”

    @ 12:47 pm on August 20, 2008
  15. Further more, Not An Old Person, you can’t prattle about something else being self-important (note the hyphen – two words are hyphenated when they are used in tandem to modify another word), because to be self-important, it must be about well, self. So he can’t prattle about how self-important news is. It’s a grammatical and physical impossibility.

    Perhaps you’d have a better grasp of grammar and vocabulary if you um, read more.

    @ 1:02 pm on August 20, 2008
  16. Old people, especially in “old” media, always
    look back in time. Your left behind as we youth get out news on “our” terms not yours.

    @ 1:03 pm on August 20, 2008
  17. Imagine getting your news from someone who uses the word prattle in two consecutive sentences.

    @ 1:03 pm on August 20, 2008
  18. You’re

    @ 1:06 pm on August 20, 2008
  19. I don’t understand all the fuss. Aren’t they keeping all the columnists anyway? Every business has to “trim the fat” as they say and it sounds to me like they’re being very smart and surgical about it all, only getting rid of that fatty tummy filler, the people who have no fans anyway. It’s like any workout. Sure it hurts at first, but then you feel awesome. What we’ll get when all this is over will be a leaner, meaner, sassier and more vibrant paper, you just wait and see.

    @ 1:09 pm on August 20, 2008
  20. To Ex Employee/ex sub… Your fine concluding point is a larger topic than just the news business. I wrote a commentary that aired a few years back called ‘Corporate Amnesia’. I delivered it as sardonic satire because in straight prose it would be too raw….reveal how savage the rules of corporate gamesmanship have become. The top brass being the ones who are most protected, more removed from the lost-in-space agony and gargantuan fear that comes with losing everything you spent an adult life creating. And specific to this thread, unemployed and middle aged in an aging business.

    Meanwhile, props to the editor of the L.A. Times, John Carroll, who quit rather than slice and dice his people in another round of hatchet job elimination.

    http://www.npr.org/templates/story/story.php?storyId=4763124

    @ 1:09 pm on August 20, 2008
  21. No, we won’t Gracie – the fat wasn’t cut.

    By and large, what is getting cut is the talented people needed to propel the news organization forward. What is left are columnists that write about doohickeys on traffic lights, and upper management that make six and seven figures, plus bonuses.

    @ 1:11 pm on August 20, 2008
  22. Bethany, I love your nagging.
    You can’t have a husband or boyfriend.
    You have to have hairy armpits as a woman.

    Is it Bethany or Butch? LOL.

    @ 1:13 pm on August 20, 2008
  23. I have both. But shhh.

    @ 1:16 pm on August 20, 2008
  24. Okay, it will be our secret : )
    I used : ) is that okay, Bethany?

    You’re a good sport.

    @ 1:19 pm on August 20, 2008
  25. Gracie you rock, girl!

    Good point, yeah most “newspeople” need to hit
    the treadmill by the way too. The women aren’t very flattering.

    @ 1:21 pm on August 20, 2008
  26. Where is that old guy,Tom?

    @ 1:23 pm on August 20, 2008
  27. Sooo….are you excited school is starting, and did your Mom buy you everything you wanted over the weekend since it was sales tax holiday?

    @ 1:24 pm on August 20, 2008
  28. Epiphany after reading infantile posts to adult threads: (slapping forehead like in that V8 ad) NOW I ‘get’ why my activist mother marched in favor of abortion on demand.

    @ 1:30 pm on August 20, 2008
  29. See everyone? Print media is dying because BLOGS are going to take over…

    See?

    I love me some New! Media! as much as the next person but jeeeeebus…..

    @ 1:32 pm on August 20, 2008
  30. I wish I could be an adult like, RAWLINS.
    Not!!!!!!!!!
    Activist mother? Who is this old hippie with old thinking. Wow, you people are old.

    @ 1:40 pm on August 20, 2008
  31. Ladies and Gentleman, please welcome to the main stage…..

    huge cowboys fan

    We’ve missed you. Just like we miss our heart pills sometimes.

    @ 1:43 pm on August 20, 2008
  32. How about abortion on demand for newspapers!
    But let’s keep human beings.

    @ 1:43 pm on August 20, 2008
  33. “Not An Old Peron” is right.
    DMN is for old people. All my friends are online. Uh, oh, instant messge! Oh, you old people wouldn’t know what that is. LOL.

    @ 1:45 pm on August 20, 2008
  34. I may be old (48), but I’ve been getting ink on my less-than-Tom-Leppert-sized fingers since I could read and I still LIKE it.

    @ 1:54 pm on August 20, 2008
  35. jeez dude. i read my news on line too. even when I have a column in it. i like to text my friends tell em about it.

    tracing an IP address is so easy like ’sic ‘em, comboys’. pass the ritalin. i looked it up & a ‘activist’ is someone who actualy does something. awesome dude.

    @ 1:54 pm on August 20, 2008
  36. Well, as a boomer, I can rightfully say that I am so going to enjoy being a burden to the likes of NAOP, Amanda, Filthy and Jr. High…. Maybe if we are lucky we can get the government to take fully half of each of their paychecks to keep us fed, clothed and medicated. And I hope to live to 103 just to be a long-time thorn in their collective sides. BTW, Jr. High…. there appears to be a total of nobody following you on Twitter…. wonder why?

    @ 1:58 pm on August 20, 2008
  37. “Newspapers are old!” “Newspapers are liberal!” “Newspapers are idiotic.” But blogs link to them everyday and radio “news” would have nothing to report were it not for newspapers.

    @ 2:04 pm on August 20, 2008
  38. The DMN or any newspaper isn’t worth it to buy, since I get news for free online. Welcome to reality.

    @ 2:06 pm on August 20, 2008
  39. @Ex-employee, ex-subscriber

    I’m on your team, trust me. All that Social Security money was never going to end up back in my medicine chest anyways.

    @ 2:08 pm on August 20, 2008
  40. I can’t believe we devoted 40 posts to a bunch of high schoolers.

    @ 2:11 pm on August 20, 2008
  41. Can’t believe I’m saying this, but I agree with Bethany. Damn girl! You write goooood!

    @ 2:11 pm on August 20, 2008
  42. removing Amandacobra from aforeposted commentary.

    @ 2:12 pm on August 20, 2008
  43. Bethany is clearly a blog rock star

    @ 2:12 pm on August 20, 2008
  44. Bethany,

    Sorry, we aren’t your newspaper audience.
    Welcome to your future. It has to hurt since
    we won’t be buying the newspaper.

    @ 2:13 pm on August 20, 2008
  45. Ex-employee, ex-subsciber, Hmmmmm,
    I wonder ex-wife? Ha,ha,ha,ha!

    @ 2:16 pm on August 20, 2008
  46. hey jr hi women are old too. don’t need women. i see em online. who needs to hold old types when they online. i have an inflatable doll dude!!!!!!! im not old.

    @ 2:18 pm on August 20, 2008
  47. You can thank me later.

    @ 2:40 pm on August 20, 2008
  48. To return to Ex-employee, Ex-subscriber’s long previous post: I agree that Wall Street is much to blame for a good part of media businesses’ current problems. (Not just newspapers, but magazines, network TV, CD sales and so forth.)

    But Dean Singleton (harrumphing sound of great outrage here) is struggling these days, too, and he owns all his newspapers personally.

    Private ownership isn’t a magic bullet.

    Tough times. Hang in there, DMN and ST employees.

    @ 2:45 pm on August 20, 2008
  49. Jr. High, yes, it’ll hurt, but not who you think.

    @ 2:45 pm on August 20, 2008
  50. Not An Old Person — I’m not chucking my library nor my newspaper. Do you read books? I am a fan of Sergio Kindle but not the Amazon Kindle.

    p.o.s. ltr.

    @ 2:54 pm on August 20, 2008
  51. Someone Else:

    A point well taken. But having worked for privately owned newspaper companies… other than Dean Singleton’s . . . I can tell you that the leveraged buyout has been as big a culprit as Wall Street. The whole concept of if I can own one very good local paper with a 30 percent profit margin, why not have 30 of the same leads to purchases in the private sector that folks had no business doing and instances of minnows trying to swallow whales. And the folks that they were borrowing money from to finance these deals didn’t care whether it was publicly or privately held… they just wanted their pound of flesh when it came due.

    @ 3:04 pm on August 20, 2008
  52. You people who don’t care about newspapers because you get your news online need to consider who’s gathering the bulk of that online news. Newspapers have historically had by far the biggest news operations. Half the posts on this blog are links to DMN stories. What’s happening at the Morning News is bad for the community — even those who don’t subscribe.

    @ 3:17 pm on August 20, 2008
  53. Unfortunately, having had a peak inside the news industry and being a newspaper reader (although not at first and only after being forced to discover through regular reading that the newspaper has so much to offer the reader), or even just a newspaper holder, the fat isn’t being trimmed. The corporations are sort of hacking away at the substance of the paper so that it keeps shrinking, in literal size and in coverage. Those still actively participating in the industry — journalists and readers — are the ones who suffer from attempted improvements or fixes. Doesn’t make a lot of sense.

    @ 3:30 pm on August 20, 2008
  54. Hey Just an intern: good thoughts. But can you explain what you mean by fat. Are you talking about high-ranking editors? Society columnists? Publishers? CEOs? All of the above?

    @ 3:40 pm on August 20, 2008
  55. Yes, less journalists the better.
    My life is improving already.

    Don’t read them. Never did.

    @ 3:52 pm on August 20, 2008
  56. Newspapers are like Al Gore….so lame!

    @ 3:53 pm on August 20, 2008
  57. Tip for people who may be thinking they can use different names to post, and people will think it’s multiple posters:

    Not making the same mistakes, and not having the same line breaks, helps your efforts to be incognito.

    @ 3:53 pm on August 20, 2008
  58. Forgive me, but what’s it like to experience a peak inside the news industry? Is it kinda like that scene from “When Harry Met Sally”?

    Snarkiness aside, good points. Newspapers are losing the writers that made them great in the first place. And that content is being replaced by wire stories. And that’s not cool.

    @ 4:03 pm on August 20, 2008
  59. I said that poorly. I didn’t mean they were trimming the wrong fat. I meant that laying off people doesn’t equal ‘trimming the fat,’ as was stated by an earlier and very cheery-dispositioned poster. It just means the paper keeps shrinking.

    @ 4:19 pm on August 20, 2008
  60. @ 4:50 pm on August 20, 2008
  61. How many places are you gonna post that?

    @ 5:02 pm on August 20, 2008
  62. Great video “Bitter Sweet”! Laughing hard on that one.

    @ 5:09 pm on August 20, 2008
  63. Here is why no one trust newspapers with their biases:

    The National Enquirer’s scoop of MSM (mainstream media) in reporting the story of John Edwards’s extramarital affair has prompted some soul searching among pundits, analysts and journalists about the media’s performance in getting the story.

    The Post’s David S. Broder says he was as “shocked as anyone could be at the news” of the one-time presidential candidate’s affair with campaign staffer Rielle Hunter.

    Andy Alexander, Washington bureau chief for Cox Newspapers, told Editor & Publisher that he wondered whether ongoing cutbacks in some newsrooms affected efforts to find out whether the affair was true. Clark Hoyt, public editor of The New York Times, went so far as to criticize collectively the mainstream media’s efforts to uncover the affair.
    ——————————————–
    I’m going to start reading the National Enquirer, since they do the job the journalists don’t do anymore.

    @ 5:24 pm on August 20, 2008
  64. A last post as I wait for a plane.

    1) Anyone older can only laugh at someone thinking that being younger gives them an edge. In fact, (drumroll) anyone ‘older’ than you has been your age. (Duh) In which case, (duh) the trick is to remember.

    2) The Internet is hardly cutting edge in any case, and in all our case, and certainly my own, almost all of my 2-3 careers is conducted online. In many cases I have never met an editor who is publishing my work. I have recorded things onlne with headphone on while they are in Washington. For all they know, I look like Wentworth Miller. (Down Bethany). I’d say that’s a bit more ugh.advanced than instant messaging, which any of us certainly could and have done. (Everybody say ‘duh’.)

    3) Personally, I write for the News which I consider, yes, and over 40 crowd in paper form. But I also have written ofetn for Pegasus which is strictly online and heavily weighted to under 40 audience.

    4) A LOT of the people I meet (and realllllly enjoy a lot) through my work are in their 20s, which I personally think is by far is a great generation. I feel like I have more in common with them when we talk (or text…duh…or message…ugh) than many of those in their 40s who seem sorta not as sure who they are. Many people who email me regarding my work are very yound, be it on air or written. I am very proud of that.

    5) When you are born is annecdotal. Who you are is up to you.

    6) Growing up is far more rewarding than being a kid.

    7) All knowledge is power.

    8) A good memory is powerful.

    9) Patience is a powerful weapon when dealing with the uninspired who demand attention.

    10) Good manners is a liberal arts degree all its own.

    Thanks for reading. Rawlins

    @ 7:01 pm on August 20, 2008
  65. A little full of yourself after that post, eh Rawlins? Thanks for the journalistic preaching.
    Cheez, I thought Obama was an ego maniac. Oh, I just saw your post: “Good manners is a liberal arts degree all its own”. What a snob. You and the racist Obama are a sure thing together.

    @ 7:24 pm on August 20, 2008
  66. Oh please. You would love Rawlins if you had a beer with him. He is a gentleman. I venture to say that you need some of his good manners to rub off on you.

    @ 7:41 pm on August 20, 2008