Newspaper publishers are expected to keep swinging the job axe in the second half of the year, reports
Editor & Publisher. Writing to investors, a Wall Street analyst says the industry's ad
revenue is barely moving--up 0.5 percent so far in 2006--but circulation continues to drop. Alexia Quadrani of Bear Stearns says newspaper publishers will likely reduce costs by eliminating workers.
Although revenue growth may pick up in the second half and despite expected gains from online, she says publishers may announce another round of significant staff reductions before year's end to
bolster 2007 financial performance.
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