The Times has been steadily winnowing its ranks, mainly on its business side, since Tribune acquired it in a buyout of Times Mirror in 2000. But the prospect of making cuts in the newsroom, so
soon after scaling such journalistic heights, has been a stark reminder to The Times of a fact that is central to Tribune's philosophy: Wall Street rarely averts its gaze from the profit margins
and other financial bellwethers of media companies.
Read the whole story at New York Times, June 14, 2004
»