Stuart Elliott, who wrote the New York Times ad column for 23 years, is taking a buyout as the troubled paper restructures.
In his Facebook posting, Elliott said he has joined the "leaving to pursue other interests" or deciding to "spend more time with his/her family" crowd that the longest-running ad columnist at the paper has written about over the past years.
He's exiting while thanking all the people that have helped him over the years.
Elliott will call it quits on Dec. 19. He's part of the 100 newsroom jobs that the NYT wants to cut.
Packages for members of the Newspaper Guild, a union that represents about 1,100 Times employees, range from 15 weeks of pay and four months' health coverage for employees with between five and six years of service, to double one year's pay, an additional 35 percent of that total and eight months' health coverage for employees with at least 35 years under their belts,according to the Guild.
Non-Guild employees are generally eligible for two weeks of salary per year of service, with the total capped at one year’s salary, according to the Times. Those with 20 years or more also are eligible for an additional cash payout of 35 percent of their total severance.
Trump Media & Technology Group today reported a $58.2M net loss on $4.1M in 2023 revenues, a disclosure that drove its stock price down 22.6 percent to $47.96.
Barry Pollack, an attorney at Wall Street’s Harris St. Laurent & Wechsler, has registered Julian Assange as a client with the Justice Dept. “out of an abundance of caution.”
Paramount Global to slash 800 jobs in what chief executive Bob Bakish calls part of an effort to “return the company to earnings growth"... Rolling Stone editor-in-chief Noah Shachtman is exiting at the end of the month due to disagreements with chief executive Gus Wenner over the direction the magazine is taking... The New York Times broke the $1 billion barrier in annual revenue from digital subscriptions in 2023... Press Forward is investing more than $500 million to strengthen local newsrooms.
The majority of news articles are read within the first three days of publication, according to a recent report.
The Los Angeles Times gives pink slips to 115 people or 20 percent of its newsroom staff... TIME is also laying off about 30 employees, which is approximately 15 percent of its editorial staff... The Baltimore Banner, which was launched by Stewart Bainum in 2022 after he failed to buy the Baltimore Sun, added 500 subscribers per day in the three days following Sinclair Broadcast Group's deal to purchase the Sun.
Have a comment? Send it to 
No comments have been submitted for this story yet.