NPR Catches Layoff Fever

The financial crisis has hit the tote bag set: National Public Radio is cutting two shows and 7 percent of its work force, thanks to $23 million in red ink. Non-pledging fans of “Day to Day” and “News & Notes” have only themselves—and the Commodity Futures Modernization Act—to blame.

Reuters:

U.S. radio network National Public Radio will cut 7 percent of its workers and eliminate two shows because of budget shortfalls, the network said on Wednesday.

Facing a $23 million shortfall, NPR will eliminate the shows “Day to Day” and “News & Notes” in March because they failed to attract “sufficient levels of audience or national underwriting necessary to sustain continued production under these tough financial circumstances,” Dennis Haarsager, NPR’s CEO and interim president, wrote in an internal memo.

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