Bakersfield Californian eliminates 12.5% of staff due to 'decline in real estate advertising revenue'

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Bakersfield Californian eliminates 12.5% of staff due to 'decline in real estate advertising revenue'

2007 Jun 27, 10:30am 9,917 views 48 comments

"A steep but cyclical decline in real estate advertising has forced The Bakersfield Californian to eliminate 40 positions, 10 of them through layoffs, company President and CEO Richard Beene announced Tuesday.

The layoffs include four newsroom positions and will involve closing the newspaper's one-man Sacramento bureau."

Hmmm... let's see. The Bakersfield Californian just laid off 12.5% of it's staff due to lost RE ad revenue alone (though it is still running lots of RE ads, just not as many as before). So... basically, this means that during the bubble, an even larger % of their total payroll was directly tied to RE revenue --perhaps 25%, 35%, 50%?? Who knows?

Any possibility of that great a share of your revenue, uh, "influencing" your journalistic bias or editorial policy?

Naaah --that's just crazy conspiracy talk!

Discuss, enjoy...
HARM

#housing

Comments 1 - 5 of 48 Next » Last » Search these comments

1 skibum 2007 Jun 27, 10:38am

Well, here's a pointed lesson for all you newspapers and "Main Street Media" outlets - keep on shillin' for the REIC, or this could be what happens to you!

I guess Sacramento isn't worth covering anymore?