Willamette Week Introduces Cost-Cutting Measures
By AAN Staff
march 13, 2009 08:54 am
The Portland, Ore., alt-weekly was the latest to announce company-wide salary reductions yesterday. Effective March 16, staff pay will be reduced by 8 percent, while owners Mark Zusman and Richard Meeker will reduce their own pay by 25 percent. The move was made to keep the paper profitable for the balance of 2009. At the same meeting, Meeker, who is WW's publisher, announced that this week's paper was the largest since November and that ad sales for the spring appear ahead of budget.
Tags:
Circulation,
Classified Advertising,
Design & Production,
Editorial,
Electronic Publishing,
Financial,
Management,
Marketing,
Retail Advertising,
Willamette Week,
Richard Meeker,
Mark Zusman