CDT Parent Company, McClatchy, Maligned
The Centre Daily Times announced on Thursday that it would be eliminating three positions and reducing all salaries over $25,000 by 2.5 percent to 5 percent.
The CDT reported on its own troubles:
Other cost reductions are planned, including reducing the width of the newspages by one inch, and reducing the number of comic strips in the daily newspaper.
McClatchy, the CDT’s parent company, is feeling the effects of Depression 2.0 in full force. In March, McClatchy announced that it would be eliminating a total of 1,500 jobs from its 30 newspaper properties.
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Penn State and the Process of Life
To paraphrase Mark Twain: The reports of higher education’s death have been an exaggeration. American universities produce more research and relevant knowledge for the world at large than any other institutions I know of. Tuition may be too damn high, but over the long-run, undergraduate degrees are definitely worth the cost. But Penn State could be so much more. It used to be, I think.