The CEO of the company that owns the Vancouver Sun and Province has dished out some tough words on staffing levels at the local dailies.
Paul Godfrey, the head of Postmedia Network, told Marketing magazine that the two Vancouver papers are "way overstaffed", especially in sales and production, and that employees "way overpaid" in comparison to newspaper employees in other parts of Canada.
“It is great to live in the past, but that just can’t continue,” Godfrey told Marketing. “We’ve got to correct that situation or it’s conceivable that there may not be any newspapers at all in that community.”
He also told the publication that the old ratio of 75 percent advertising revenue to 25 percent circulation revenue can't sustain newspapers, which is why he thinks the industry needs a 50-50 split.
The full article is available here.