With readership dropping and advertising revenues declining, the Providence Journal, the state’s largest newspaper, is seeking to shed more workers. The Projo is offering buyouts to veteran employees. If a sufficient number of employees do not take the buyouts, layoffs are likely, says John Hill, president of the Providence Newspaper Guild, the union representing many employees.
Providence city government and the Providence Journal have reached an agreement on the ProJo’s tax assessment lawsuits that will lower the newspaper’s property tax liability on its properties in Providence by about $2.5 million.
Under terms of the deal approved by Superior Court Judge Patricia Hurst, the Journal will get a tax credit of $625,000 in 2012, $833,333 in 2013 and about $1 million in 2014.
The settlement was filed in court last Friday before a trial on the issue, which was scheduled to begin today.
As the Providence Journal continues to wrestle with the challenges facing old-line media, reporters at the statewide daily are being encouraged to increase their use of social media.
A recently issued five-page set of social media guidelines “demonstrates a lot of faith in the professionalism of the people who work here,” says reporter John Hill, president of the Providence Newspaper Guild. ”Basically, the policy is, ‘don’t be a jerk.’ “