BUY BUY OR IS IT BYE BYE
It's all we are talking about in our business these days. Buyouts and Layoffs. No one is immune. CBS has had widespread layoffs. Recently we saw a smaller round of layoffs at the Gannett stations. The fact of the matter is the economy is in bad shape, and we are now feeling the ripple effects of it all.
At one of the most esteemed newspapers in the country it is a drip, drip, drip phenomenon. Every day there is a new name added to the roster of big names leaving the Washington Post. They are not being laid off, they are taking buy outs. All are accepting the newspapers generous early retirement package. The roster includes names like Tony Kornheiser, David Broder, and Bob Woodward. Those are the names that jump off the page, but there are so many others who are leaving. All of them take away years of reporting experience, wisdom, contacts, and a Rolodex to die for. So who loses? I think we all do.
I have good reason to feel that way. I had a lunch a week or so ago with a good friend. He was a reporter who spent decades covering the White House. I bumped into him at the Correspondents dinner a few weeks back. I suggested lunch, and that's when he told me he wasn't at the paper anymore. He's the communications director at a non profit in Georgetown.
So we got together for lunch at a restaurant overlooking the Potomac. We had great food, and a great conversation. He had wonderful stories, from his time covering Presidents Ford, Carter, Reagan, Bush, Clinton and Bush. He was covering President Bush's re-election effort when the editor called him into his office to suggest he take a buyout. As he put it, he strongly encouraged him to take the buyout. There were just a few people targeted for the buyout at this newspaper. It was all very hush, hush. My friend was one of them. All of the candidates had something in common. They were some of the best and brightest, and therefore some of the highest paid journalists on the payroll.
So now a new generation of journalists is emerging. The only problem is the cagey veterans like my friend are leaving. Those are the people you learn from. I wouldn't be who I am, if I hadn't spent time in my first newsroom in Southern California learning from Howard Culver, Ed Ziel, and Dick Spangler. I can remember Howard coming over to me with copy and dropping it on the desk.
"This doesn't cut it, try again!"
That's all he would say. When he stopped dropping the copy on the desk I felt like I had hit a home run in the bottom of the ninth in the final game of the World Series. Howard was a throw back to another time. He was a grizzled veteran finishing up a storied career. He worked in the golden age of radio. He loved broadcasting, and wanted nothing but the best for it. He passed away in 1984. Now days it seems lots of bosses are criss-crossing newsrooms looking for the Howard Culver's. They are looking to thank them, but to say Buy-Buy or in other words Bye, Bye!
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