Grade the News reports that MediaNews, the parent company of the Pulitzer Prize-winning daily paper San Jose Mercury News, will be laying off 60 reporters from Silicon Valley's premiere news source. That's nearly a quarter of the news staff. Like many newspapers across the country, MediaNews blames the internet for its financial failures.
Though the cuts haven't been announced officially yet, the leak came from a reputable source: John Bowman, executive editor of *San Mateo County Times, *also owned by MediaNews:
San Jose Mercury News executive editor Susan Goldberg also quit two weeks ago to begin a job at the Cleveland Plain Dealer, which is owned by Wired parent company Advance Publications. She has not said whether this move was related to the threat of job cuts.
Grade the News reporter John McManus contextualizes the Merc layoffs:
Unleashing all those highly trained journalists on the world can hardly be a bad thing: I predict there will be more well-researched news blogs and podcasts in coming months, created by traditional reporters who've gone over to the Web side. The Merc's loss is our gain.