The Times-Picayune Takes Another Hard Hit
New Orleans paper is shedding 21% of its editorial workforce.
When The Picayune newspaper was launched in 1837 by Francis Lumsden and George Wilkins Kendall, the purchase price was a single picayune, a Spanish coin equivalent to six and a quarter U.S. cents. Two centuries later, the principal problem enshrouding the American daily newspaper business is that a click from a reader via the Web, smartphone or tablet amounts to pennies on that Picayune coin.
And so, in a month that has already been marked by major turbulence at the Los Angeles Times, the Globe’s boston.com
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