This is a long and interesting read from the CEO of the Journal Register Co. on a company that has taken a ruthless approach to journalism. It has turned a lot of its coverage over to upaid, or lightly paid, freelancers and sent production, editing and pre-press functions to gosh-knows-where, but by golly they are making money again.
If the folks being beaten in the galley to row the boat, go with the program they are in line this year to receive an extra week's pay. Wanna bet the officers on deck are getting a lot more?
The one thing I agree with him on is that the industry was slow to see the impact of online. Unfortunately in the company I am most familiar with the people responsible for that lack of vision remain high on the payroll while those under their command are largely on the beach through no fault of their own.