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Publishing Industry Layoffs

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BUSINESS
October 12, 2000
* Tribune Co. said it laid off 34 employees, including 20 at the Los Angeles Times Web site, as part of a 12% cut in its Internet operations. The media company, which acquired Times Mirror Co. this year, said it also will not fill 46 open positions at Tribune Interactive.
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BUSINESS
January 27, 2001 | Bloomberg News
Individual Investor Group Inc., a print and Internet financial news publisher, said that it fired 20% of its work force to cut costs and that its 2001 operating margins will be the best since 1996. Individual Investor said it dismissed 15 of its 75 employees and will pay about $50,000 in total severance. The New York-based company said it won't take a charge because of the cuts.
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BUSINESS
January 29, 1993 | From Times Staff and Wire Reports
Sears Catalogue Printer May Lay Off 660: The nation's largest commercial printer said it will likely lay off 660 employees as a result of Sears, Roebuck & Co.'s decision to discontinue most of its catalogue operations. R. R. Donnelley and Sons Co., which prints Sears catalogues, said it will close a 65-year-old plant on Chicago's South Side and relocate production to other facilities.
BUSINESS
October 12, 2000
* Tribune Co. said it laid off 34 employees, including 20 at the Los Angeles Times Web site, as part of a 12% cut in its Internet operations. The media company, which acquired Times Mirror Co. this year, said it also will not fill 46 open positions at Tribune Interactive.
BUSINESS
August 30, 1991 | From Times Staff and Wire Reports
Magazines May Cut Jobs: Time Warner Inc. magazines plan to eliminate dozens of jobs and close news bureaus to cut operating costs, according to a published report. The job cutbacks will hit especially hard at the company's flagship magazine, Time, according to the Wall Street Journal, which cited unidentified sources. Time plans to eliminate about 38 editorial jobs, including 20 correspondents stationed at domestic and foreign bureaus, according to the sources.
BUSINESS
September 24, 1991 | From Times Staff and Wire Reports
Court Says UPI Can Stop Paying Severance: United Press International won court permission to stop paying severance to laid-off employees and to continue pay cuts that it says it needs to stay in business. U.S. Bankruptcy Judge Francis Conrad in Manhattan also granted the company's request to use stringers or contract employees in place of laid-off staff. UPI's chief financial officer, David L. Moier, said Friday that without the concessions, UPI will have a $1.9-million cash deficit by Nov.
BUSINESS
September 20, 1991 | From Times Staff and Wire Services
Aiming to save more than $30 million a year, Time Warner Publishing announced a restructuring program Thursday that includes elimination of about 600 jobs, or 10% of the work force, at its magazines. The cutbacks include the closure of Time magazine bureaus in Houston, Detroit, Boston, San Francisco and Miami, a Time Warner executive confirmed. The news magazine, he added, "will continue to maintain a staff presence" in those cities, with reporters likely working from their homes.
BUSINESS
September 26, 1991 | VICTOR F. ZONANA, TIMES STAFF WRITER
Time Warner Inc. Chairman and Co-Chief Executive Steven J. Ross stood his ground Wednesday as shareholder after shareholder at the debt-straitened media giant's annual meeting denounced his 1990 compensation of $78.1 million as "abusive," "immoral" and "obscene."
BUSINESS
January 27, 2001 | Bloomberg News
Individual Investor Group Inc., a print and Internet financial news publisher, said that it fired 20% of its work force to cut costs and that its 2001 operating margins will be the best since 1996. Individual Investor said it dismissed 15 of its 75 employees and will pay about $50,000 in total severance. The New York-based company said it won't take a charge because of the cuts.
BUSINESS
January 29, 1993 | From Times Staff and Wire Reports
Sears Catalogue Printer May Lay Off 660: The nation's largest commercial printer said it will likely lay off 660 employees as a result of Sears, Roebuck & Co.'s decision to discontinue most of its catalogue operations. R. R. Donnelley and Sons Co., which prints Sears catalogues, said it will close a 65-year-old plant on Chicago's South Side and relocate production to other facilities.
BUSINESS
September 26, 1991 | VICTOR F. ZONANA, TIMES STAFF WRITER
Time Warner Inc. Chairman and Co-Chief Executive Steven J. Ross stood his ground Wednesday as shareholder after shareholder at the debt-straitened media giant's annual meeting denounced his 1990 compensation of $78.1 million as "abusive," "immoral" and "obscene."
BUSINESS
September 24, 1991 | From Times Staff and Wire Reports
Court Says UPI Can Stop Paying Severance: United Press International won court permission to stop paying severance to laid-off employees and to continue pay cuts that it says it needs to stay in business. U.S. Bankruptcy Judge Francis Conrad in Manhattan also granted the company's request to use stringers or contract employees in place of laid-off staff. UPI's chief financial officer, David L. Moier, said Friday that without the concessions, UPI will have a $1.9-million cash deficit by Nov.
BUSINESS
September 20, 1991 | From Times Staff and Wire Services
Aiming to save more than $30 million a year, Time Warner Publishing announced a restructuring program Thursday that includes elimination of about 600 jobs, or 10% of the work force, at its magazines. The cutbacks include the closure of Time magazine bureaus in Houston, Detroit, Boston, San Francisco and Miami, a Time Warner executive confirmed. The news magazine, he added, "will continue to maintain a staff presence" in those cities, with reporters likely working from their homes.
BUSINESS
August 30, 1991 | From Times Staff and Wire Reports
Magazines May Cut Jobs: Time Warner Inc. magazines plan to eliminate dozens of jobs and close news bureaus to cut operating costs, according to a published report. The job cutbacks will hit especially hard at the company's flagship magazine, Time, according to the Wall Street Journal, which cited unidentified sources. Time plans to eliminate about 38 editorial jobs, including 20 correspondents stationed at domestic and foreign bureaus, according to the sources.
NEWS
July 9, 1991 | WILLIAM TUOHY, TIMES STAFF WRITER
When Deborah Owen arrived here from New York to set up shop as a literary agent more than 20 years ago, the book publishing world still had a fusty Bloomsbury flavor about it. Publishers were a clubby group, she recalled, centered around Bloomsbury and Bedford squares, with the British Museum library between. They entertained authors, agents and booksellers in nearby Dickensian pubs and restaurants.
NEWS
July 9, 1991 | WILLIAM TUOHY, TIMES STAFF WRITER
When Deborah Owen arrived here from New York to set up shop as a literary agent more than 20 years ago, the book publishing world still had a fusty Bloomsbury flavor about it. Publishers were a clubby group, she recalled, centered around Bloomsbury and Bedford squares, with the British Museum library between. They entertained authors, agents and booksellers in nearby Dickensian pubs and restaurants.
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