Saturday, December 13, 2008
The NPR lays off 64 of its employees
It is indeed hitting all sectors of our society. We are in a recession and people are indeed losing their jobs. National Public Radio, citing an unexpected revenue shortfall, said Wednesday that it would cut 64 jobs, or about 7 percent of its work force of 889, and would cancel two weekday programs, “Day to Day” and “News & Notes. (this quoted from New York Times).
It seems that the projected revenue from grants and other contributions was reduced by $4 million for the year, to an expected $15 million, as foundations and wealthy individuals faced lower investment earnings, said Dana Davis Rehm, NPR’s senior vice president for strategy and partnerships.
The NPR has an estimated 2 million listeners that tune into their daily programming. Hopefully they are just downsizing and not getting rid of the station.