The Newspaper Association of America has cut almost half of its staff and is to cease publication of the print edition of its magazine Presstime, reported Editor & Publisher. President and CEO John Sturm blamed the cuts on "industry economics" and wrote in a memo to staff that the steps were "to ensure we remain an affordable value to our members." The Association is hoping to further reduce the cost of membership.
39 employees will be leaving, with 43 remaining. Presstime's last print edition will be May 2009 but it will continue in a digital form. "Continuing the Presstime mission online is part of the transformation very much in line with the changes our members are making to their own businesses," said Presstime publisher Su-Lin Cheng Nichols.
As the US newspaper industry suffers due to severe declines in advertising revenue, this means that they might have less of a chance to participate in industry associations. The American Society of Newspaper Editors announced in March that it was to cancel its convention due to low turnout as a result of the current economic climate. But as Sturm's memo asserted, "even in this difficult situation, we must remain optimistic."
Source: Editor & Publisher