Black Tuesday At The Star

The Indianapolis Star continues it descent into oblivion as parent company Gannett ordered the layoffs of 62 employees at the local publication, including 15% of its newsroom staff. Eight reporters and twelve copy editors were axed according to the IBJ. "The Indianapolis Star, I’ve been told repeatedly, continues to make money," reporter Robert King wrote in an e-mail according to the IBJ. "Yet Gannett, and its corporate bosses in Virginia, seem to view workers not as assets but as liabilities on a balance sheet." Ouch! The Star's newsroom staff has shrunk from 230 in 2007 to 136 after this latest round of layoffs.