ALM http://www.alm.com/ (PRNewsFoto/ALM)
Bill Carter, the CEO of ALM Media, the parent of American Lawyer, sent out the following announcement on Tuesday:
We’ve all been working hard to transform ALM into a fully integrated information, intelligence and events company, as the publishing industry continues to shift from print to digital media. As part of our transformation, we must adjust our staffing levels and talent composition.
Unfortunately, that means several positions have been impacted. Affected employees will be offered a severance package. We regret having to take this measure but it’s necessary for the next phase of ALM’s digital evolution.
We deeply appreciate the talent and contributions of all ALM team members.
A company spokeswoman provided a statement to Talking Biz News that mirrored Carter’s statement.
Our understanding is that longtime employees and top editors were among those cut., including editor Kim Kleman of The American Lawyer, Anthony Paonita, the editor in chief of Corporate Counsel, ALM editorial director George Haj and at least 20 others. The cuts came from the newsroom, marketing and advertising departments, as well as the events team.
In 2016, the company reorganized its editorial staffs into themed desks across newsrooms. A private equity firm bought ALM for $417 million in July 2014.
The company cut 61 jobs in 2015. Its other publications include the National Law Journal, the Connecticut Law Tribune and the Fulton County Daily Report.
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This article makes it sound like 8 people were laid off. If you investigate more you may agree with certain sources stating it was around 50 people in January 2017 and these were not only senior editors. It's a disservice to just report what ALM wants you to report