David Folkenflik of NPR looks at the Wall Street Journal layoffs and the performance of the publication.
Folkenflik writes, “Earlier this month, News Corp told investors its profitability rose slightly against its performance a year ago. And The Journal’s corporate division, Dow Jones, attained 5 million paying digital subscribers for the first time.
“‘It’s extremely disappointing that the company continues to have layoffs when every quarter they’re making record profits,’ says Jodi Green, president of the union local representing the newsroom.
“‘We don’t understand the reasoning behind a lot of it and it’s discouraging to our members and to morale throughout the newsroom and all of Dow Jones.'”
Read more here.
