It's the economy, stupid...

Recently-dismissed LA Times Editor Jim O'Shea didn't leave without a fight. According to a recent article on washingtonpost.com, O'Shea had a few things to say about the priorities of Publisher David Hiller and Tribune Co.'s new owner:
It is "simply stupid," O'Shea wrote, to consider closing foreign bureaus so the Times can afford to cover the presidential campaign and the Beijing Olympics. As for Tribune Co.'s new owner, real estate financier Sam Zell, O'Shea said, "When Sam Zell understands how asinine the current budgetary system is, he will change it for the better, because he is a smart businessman."
It seems an unsettling mix of differing priorities intermixed with a slew of angry shots at O'Shea's business practices. Hiller had his say in that matter as well, though:
Hiller did not dispute that morale at the Times had taken another serious hit. He said O'Shea's firing "is distracting in the short term, but the L.A. Times has great, resilient people."
My question is, who are these great, reliant people? Are they the staff writers packing their aloe plants and Dilbert paperweights up after the latest round of cutbacks? Or are they the foreign correspondents just informed that their bureau has been cut in favor of following the inevitable buzz of the election or the Beijing Olympics?
As someone still clinging to the hope of employment in this field, I can't help but be frightened that budget cuts are resounding through the profession, and that the situation at the LA Times is just one example in a multitude. Its not just big papers, either. Even the Indianola Record-Herald recently laid off its editor and a staff writer.
The question of ethics in this situation comes in to play when I have to ask why the publishers and owners quickly scribble out the pink slips. Declining readership is impossible to deny, but so is the increase in online interest and the possibility for an untapped market of directed advertising. Why isn't the industry instead inspecting how it can maintain its capitol and its employee base?
To me, a paper without writers is like a restaurant without chefs. Sure, one cook can churn out as much work as a full staff, but you would start to question the quality of the food and the moral of that poor, tired soul. I realize we're far from the point of one lowly staff writer churning out the entirety of the LA Times, but quantity is important when it comes to the news media.

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