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Fake news is NOT profitable: NY Times laying off MORE reporters & editors

When you allow yourself as a journalist to become little more than a fake news-trafficking presstitute, this is what happens

(National SentinelMedia: We hate to see anyone lose job. Well, almost anyone. We should have clarified that we hate to see anyone who is doing a good job lose it.

But when you allow yourself as a journalist to become little more than a fake news-trafficking presstitute, well, you reap what you sow.

Enter one of the most heralded of fake news factories, The New York Times. The paper continues to shed floors, reporters and editors. As reported by Breitbart News, management is set to undertake yet another round of personnel cuts:

Peddling fake news does not, in fact, equate to a long-term successful business strategy, reporters for The New York Timesare learning the hard way.

The Gray Lady, which many in the media class consider the pinnacle of the information business, is struggling so much financially that reporters are expected to be laid off from the publication, along with many editors, the New York Post reports.

“Reporters at the New York Times could soon be ‘vulnerable’ to the ax,” the Post’s Keith Kelly wrote. “If the ongoing round of voluntary buyouts being offered to editing staff does not get enough takers, the Gray Lady could begin another round, NYT Executive Editor Dean Baquet recently warned his top department editors.”

The Times has been undergoing a major restructuring beginning this year, with a staggering 109 copy editors having already been terminated, while just 50 new jobs are likely to be created as the paper shifts its focus to digital.

Kelly further reported:

When the downsizing was first revealed in late May, a memo from Baquet and Managing Editor Joe Kahn portrayed the cuts as a “streamlining” of the editing process and indicated that some of the savings would be used to hire up to 100 more journalists. But in a mid-June meeting with department heads, Baquet admitted that journalists could be targeted in a new round of layoffs once the editing ranks are culled.

Kelly also quoted a memo from New York Times metro editor Wendell Jamieson, who noted that the buyouts targeting elimination of editor jobs at the Times now also involve reporters.

“I just attended a department head meeting with Dean and the rest of the staff,” Jamieson said in the June 15 memo to his staff. “While much of the buyout discussions have focused on editors, the buyouts are also available to reporters. Dean made it clear that, should the Times find itself in a layoff situation, reporters will also be vulnerable.”

“This proves what we have suspected all along,” NewsGuild president Grant Glickson said, according to the Post. “The Times ‘restructuring’ of the newsroom is really about the bottom line and not about making the editing process more efficient, as they claim.”

Trafficking in fake news aimed at the Trump administration feeds red meat to unhinged Left-wing haters, but it obviously isn’t profitable. Still, don’t expect the true believers at the Times to change their habits: There appears to be no cure or treatment for Trump Derangement Syndrome, so expect more of the same – and more financial hemorrhaging – from the Times.

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