New Orleans Times-Picayune employees to learn their fates next week

[localroger]

4. The TP has been bleeding money for some time

While it's a bit shocking how crassly the new management is handling this, it's not shocking at all that it's happening; the TP has a fairly small market and no place to expand to. More and more people get the content online and don't bother with the paper paper. It reaches a point where they can't afford to support the distribution network necessary to cover a metro area of ~2 million people on the revenues they're getting.