Industry News

Los Angeles Times axes real estate section

Expect continuing cuts in newspaper industry, says analyst
Published on Aug 4, 2008

The Los Angeles Times has ceased publication of its weekly real estate section -- born more than a century ago -- amid major staff cuts. In mid-July, newspaper managers began to carry out the "largest staff and production cuts in the newspaper's history," according to an article in the Times, citing "a continuing slide in advertising revenue." The newspaper has a circulation of more than 1 million and ranks among the largest newspapers in the nation. Staff and content cuts are certainly nothing new for newspapers, and a media analyst told Inman News that similar downsizing will likely continue to plague the industry as ad dollars continue to shift online. The cutbacks initiated last month at the Los Angeles Times had initially targeted about 150 newsroom employees, or 17 percent of the company's newspaper and Web site editorial staff, according to the Times article, with plans to cut 100 positions in other departments. Times Publisher David D. Hiller ...

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