Trickle Down Theory

You know things are really, really bad when the decline of the old media has trickled down to the Poynter Institute. Staffers over the age of 55 years old were offered voluntary buyouts this week in order to reduce expenses.

Earlier this year, Poynter froze employee wages and reduced its contributions to retirement accounts. As an industry group, they've got to change drastically, like the newspaper industry itself--or else it won't be around much longer.