Layoffs hit the Seattle Times

Cory Bergman April 7th, 2008

The Seattle Times announced today it plans to cut 200 jobs out of a staff of 1,845. As you might expect, advertising revenue has dropped significantly over the years. But online advertising revenue also dropped, 6.5 percent over the last year. Online advertising dropping? Sounds inconceivable, but I’m afraid it will become more commonplace for local media, especially TV sites, in the years to come as local advertising becomes more competitive.