Torstar Downsizing Prompts Larger Questions




Torstar Downsizing Prompts Larger Questions

2006_12_21TorontoStar.jpgTorstar Corporation officially announced yesterday that “voluntary and involuntary restructurings” would result in the loss of 85 jobs in its newspaper division, which is mostly the Toronto Star. This is in contrast to changes earlier in 2006 that focused on lacklustre sales of the corporation’s Harlequin romance novels.
This news comes two months after the October resignation of the Toronto Star’s publisher, Michael Goldbloom, and the editor-in-chief, Giles Gherson in the wake of declining advertising revenues and newsstand sales, not only among Torstar’s properties but around the world.
There was speculation that Gherson’s pointing out of the “numerous structural pressures facing the industry” might have been in reference to the increasing digitization of media thanks to blogs. This reminds us of two highly-linked and dugg articles with two very different views: Ten Things That Will Happen to TV and Newspapers by Haydn Shaughnessy, a blog post, and Do Newspapers Have a Future?, from TIME Magazine. The former tells of a dark future for the dead tree industry, while the latter reminds us that blogs rely so heavily on old-fashioned journalism, such apocalyptic reports are positively premature.
“Newspaper Bowling” by Blake Kendall.