Mormon-Owned Deseret News in Utah Lays Off Nearly Half Its Staff

Categories: Media, Schmedia

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The Deseret News is pulling an East Valley Tribune move by laying off nearly half of its staff.
​Utah's oldest newspaper, the Mormon-owned Deseret News, is laying off nearly half of its staff in a major restructuring based on financial problems.

Jay Evensen, the News' editorial page editor, writes in a blog post today that the cuts are due to a loss of advertising dollars. The paper was bleeding out money despite holding steady in circulation and a 20 percent increase in overall readership in 2009, Evensen writes.

Much of that new readership, evidently, came in the way of online readers. And as anyone following the news industry knows, ads purchased for online viewing are way cheaper than print ads. As local blogger Greg Patterson often writes (with an evil touch of glee), the business model of newspaper is broken.

The News reports that it will lay off 57 full-time workers and 28 part-time workers from its newsroom in the restructuring, which also involves a closer partnership with Utah's KSL radio and TV networks (also owned by the Church of Latter-Day Saints).

The Deseret News, (circulation 72,000) has had a joint operating agreement with SLC's other major newspaper, the larger Salt Lake City Tribune, since 1952. The two papers combine business and advertising operations, but the latter paper, owned by Dean Singleton's MediaNews Group, won't be affected by the changes.

 

 

 

 

 

 

 

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RD Winmill
RD Winmill

For a professional and dispassionate view of teh Deseret News' new business model consider this analysis by Ken Doctor writing for the Nieman Foundation at Harvard has a dispassionate about the Deseret News' new business model:"Remove the religious subtext, for a moment, and I believe we see a model that will appear ordinary in many American cities, within a few years. Think about it. If we as readers, viewers and listeners want words, photographs, videos, and audio, and expect it to be served up in an easy-to-use, relevant-to-me way, then why would the companies that produce news in those various forms be separate? Theeconomics of it are clear, though. Pay (or don’t) to get a story written or a video shot once, and then distribute it many times over" - KenDoctor is a news industry analyst and the author of Newsonomics.

http://www.niemanlab.org/2010/...

Sfcanative
Sfcanative

Further evidence the Mormon church has a cash flow problem with declining revenue and escalating costs worldwide, which includes the $4 BILLION City Creek Center boondoggle redevelopment in downtown Salt Lake City being bankrolled by them . . .

The Klute
The Klute

Who'd have thought putting up free content on the Web would kill off print journalism.

In other news: Cats, Dogs Still At Impasse. Water Wet. Ice Cream Reportedly "Delicious".

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