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LA Weekly Examines Village Voice Layoffs

By AAN Staff
july 31, 2003  11:50 am
LA Weekly Examines Village Voice Layoffs
Nobody is denying that the papers and their corporate parent are still making money, but Howard Blume speculates that the recent layoff at the flagship paper in New York was designed to reassure investors that company management "can be trusted to look out for (their) interests." Blume asserts that VVM profits "have been held below investor expectations" due to a still shaky economy, rising health-care costs and issues associated with the company's controversial deal with New Times. Blume also reports that VVM reached a "tentative, compromise agreement" this week with the union at LA Weekly.
View full article at LA Weekly
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