It's a sad day in medialand when the Tribune, a company that's posting a 20 percent profit margin starts laying off reporters. Memo to newspaper companies: If you have less reporters and less news in your product, less people will buy it. Which will lead to less profit, not more. I don't know why this is so hard to understand.
We, of course, are non-profit and would never cave in to Wall Street by axing reporters. Or we wouldn't if we actually had a reporting staff, anyway.