What happens to those who take the buyout?
Media Life Magazine has a nice story about journalists who have taken buyouts recently from their newspaper, and what they go on to. One of those featured in the article is Kathy Thatcher, a former assistant business editor at the Dallas Morning News.
Lisa Snedeker wrote, “Kathy Thatcher is one of 111 Dallas Morning News employees who decided to take the recent buyout offer.
â€œ’Iâ€™m interviewing for editing and public relations jobs â€“ with regular hours and less stress,’Â says Thatcher, after more than a decade at the Dallas paper, most recently as an assistant business editor.
â€œ’Only one opportunity is with a publication, and itâ€™s a trade magazine. I have two elementary-school children and a husband who wonâ€™t leave Dallas, so Iâ€™m out of the newspaper business, probably for good.’
“She says others who took buyouts are going back to school to pursue masterâ€™s degrees or are retiring. One went to work for the Associated Press.”
“Overall, among takers of buyouts, there’s a sense that the good years are past for newspaper work, and the time is right to leave, as painful as it may be.”
Read more here.