All The News That's Fit to Cut

With a slow economy and the advent of online journalism, there is less advertiser money to spend and more options for those advertisers.

The Los Angeles Times announced Wednesday it will cut 250 jobs, 150 of those jobs from the news staff.

Times Editor Russ Stanton explained this dark day for journalism in a memo to his employees appearing in an article on the newspaper’s website. “You all know the paradox we find ourselves in,” Russ Said. “Thanks to the Internet, we have more readers for our great journalism than at any time in our history. But also thanks to the Internet, our advertisers have more choices, and we have less money.”

Cutting back journalism jobs is nothing new. The New York Times, Washington Post, and almost every notable paper in circulation face the same predicament and have made similar cuts.