I had no idea how bad things were for the NY Times. Henry Blodget did a quick analysis at Silicon Alley Insider.com, and the future is pretty grim.
I just saw on Silicon Alley Insider that the Boston Globe is laying off 42 people. A friend of mine from my (few) days at Ottaway Newspapers works for Boston.com, the newspaper’s website, at last I heard. I hope he still has a job. When I dug into the article on SAI, I was shocked at the numbers I saw. I had no idea that the Globe’s circulation had fallen into the shitter. I know that Boston is a fairly small market, but the Globe is its major paper (or was).