Bloodbath at the Times

Only 70 editorial staffers at the New York Times have accepted buyouts, less than the 100 Executive Editor Bill Keller wanted. So, the NYT is expected to engage in its first-ever mass firing. Why?

You know the drill. Poor ad revenues. Well, poor for the newspaper biz, that doesn’t want to lower profit margin expectations, especially in the middle of a board restructuring cave-in.