Sunday, March 09, 2008

What the publisher said

Publisher Doug Hanes and LANG CEO Ed Moss visited the newsroom Monday explain the state of the company and take questions on the layoffs and the health of the company. I wasn't there but colleagues said the message was that the company has made a lot less money this year and the layoffs were an attempt to "stop the bleeding."

They acknowledged that cost-cutting is not a growth strategy.

The big LANG effort to consolidate is a bust, at least for the Daily News, it appears. The company is breaking into three clusters: Inland division overseeing San Gabriel Valley to the Inland Empire, South Bay with the Breeze and the Press-Telegram, and the Daily News on its own.


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