Wednesday, December 10, 2008

not this business model, either

At least, not in this economy.

Washington Post, and others, report that NPR is facing the same fiscal woes as its for-profit brethren. According to the piece, 64 employees will be laid off this afternoon. In addition, two shows, aimed at younger listeners, will be killed. The layoffs (7 percent of the workforce) are in response to a recent $23 million shortfall.

NPR was doing fine financially until recently. But the economy finally caught up with the network as the recession began to hammer all its funding sources.

Apparently, this business model isn't the fix we need, either. bk

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