
It's not like Sam Zell ever promised to keep anyone around at the Los Angeles Times. He's got billions in debt he needs to keep stable, which means he's got a couple plans up his sleeve. Obvious first choice: job cuts. Except Zell calls this down-sizing "right-sizing," because, based on his calculations that the average LAT journo produces the equivalent of 51 pages a year, while competitors in Hartford and Baltimore spit out 300 pages, the current staff overload is just waste. And so all of this will bring into focus his other big task, which is evening out the editorial:advertising ratio to 1:1, which will also allow him to shrink the actual size of the paper and the number of pages printed per year. And finally, Zell has taken to addressing his thousands of employees as "partners," if only because the future of the Times, and its debt load, depend on their stock-option plan.

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