<![CDATA[Gawker: buyouts]]> http://tags.gawker.com/assets/base/img/thumbs140x140/gawker.com.png <![CDATA[Gawker: buyouts]]> http://gawker.com/tag/buyouts http://gawker.com/tag/buyouts <![CDATA[Time Staffers Have Two Weeks to Volunteer for a Dozen Buyout Packages]]> The massive Time Inc. layoff-buyouts are now sweeping through the company's various magazines. Below, a memo that just went out to Time magazine editorial employees offering them buyouts. Run, don't walk!

To: TIME Edit staff
From: Rick Stengel
Date: Nov. 4, 2009

Time Inc continues to look at ways to reduce costs and lower operating
expenses. As a result, there will be an opportunity for a limited number
(up to 12) of Time Edit staffers to volunteer and depart with a severance
package. We will entertain volunteers from all Guild-covered categories in
all geographic locations. The call for volunteers will expire on the close
of business November 18th. Anyone interested in knowing more details and
having a confidential conversation about a severance package should contact
Peter Vincent at x7294. Let¹s all meet in the bullpen at 9:45 this morning
before the regular 10 o¹clock meeting. Thanks, Rick

And a rumor from Editorialiste on Twitter: "Top Time Inc. editors willing to take salary cuts to save jobs." Admirable.

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<![CDATA[The New York Times' Big Old Newsroom]]> John Koblin got his hands on the New York Times' employee buyout offers—which handily include a breakdown of the numbers of employees in every one of the paper's departments. Behold something massive beyond reason!

The exact numbers of the NYT's departments aren't quite as cloaked in mystery as the New Yorker's masthead, for example, but it is hard to get up-to-date figures. Until now! The striking thing, of course, is just how many people it takes to put this paper out. ("Takes" is the wrong word. How many people they use). Some of the biggies:

Reporters at Metro: 50
Size of Business Desk: 85
Size of Washington Bureau: 45
Total size of Art Department: 113
Size of Metro: 103

The Metro desk appears to be the paper's biggest, as we've always heard. Fifty reporters. More than enough to put out an entire newspaper in a third-tier city. Think about that while also thinking about the meager size of Metro's space in the NYT Some of the paper's sections seem reasonable, or even shoestring—Dining and Week in Review both have staffs of five. So why does the Book Review—also a weekly section largely written by freelancers—need 14 editors?

It's a mystery. But we know 100 people will be gone from the newsroom by the end of the year. And we'll probably never see numbers this high at the NYT again.
[Full list at the NYO. Pic: AP]

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<![CDATA[Blasé People Editor Confirms Layoffs]]> PreviewScreenSnapz002.jpgPeople editor Larry Hackett sent out a memo late today indicating the celebrity magazine got rid of 18 editorial staff, per the goal it set in early November. The communique, reprinted after the jump, gave no indication of whether the voluntary buyouts the Time Inc. title sought had to be supplemented with involuntary firings. Nor did it specify which staffers were leaving, or which bureaus were most heavily affected. But then it was written by the same guy who let his magazine slide into the common tabloid muck it was once a cut above, only to rationalize and narrowly deny the whole scandal, so what do you expect, forthright, expansive honesty?

We're guessing Hackett will be similarly concise and unrepentantly chipper in addressing the inevitable uproar that will greet his next big bribe to a celebrity, for an EXCLUSIVE baby cover or whatnot, amid economic and media-industry panic. It's what he gets paid to do, and we regret ever expecting better of him. That was clearly foolish.

SafariScreenSnapz015.jpg

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<![CDATA[This Is How Print Dies: Newspapers Shed More Jobs and Readers]]> Hey, how about some more terrible news? The LA Times is laying off 75 people from editorial. "This is about 10% of our total staff and these cuts are comparable in scale to those made on the business side of The Times last week." Sigh. So soon after their redesign launch! Yes well innovation director Lee Abrams will probably have something innovative to say about all this, soon. This is not even the extent of the bad news.

See, over the weekend the FAS-FAX circulation numbers came out and basically everyone lost. Circ was down more than 5% for the LAT. Meanwhile, on our coast, the Newark Star-Ledger is slashing 40% of its newsroom staff. They are trying to sell the paper but no one wants it.

It is basically a bad time to enjoy getting a paycheck. Sadly, the Newspaper Industry is not too big to fail.

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<![CDATA[Newsman Whining About 'Editorial Integrity' Promptly Fired]]> It's always fun to see a journalist fall on his sword. It has that righteous feel of a principled but stubborn man putting on his dinner jacket to sit calmly on the deck of the sinking Titanic. Except in the case of the newspaper industry, that man would eventually float to the surface and go into PR. Anyhow, the editor of a Southern California business paper called The Business Press got himself stone cold fired for blasting out an adorably serious email about how design changes are eroding the paper's credibility. He was promptly ejected from the building! Fey big city media elites who mock traditional newspaper values can learn something from the memos below. (How to get fired):

From: "Dixon, Bob"
To: [Numerous pe.com employees]
Subject: Sept. 15 issue of The Business Presss
Date: Sep 10, 2008 3:05 PM

All:

I am deeply saddened by the wholesale destruction of what was once the editorial credibility of The Business Press with the publication in the September 15 issue of a thinly-veiled advertising product labeled "Business Profiles." Please understand that I have no problem with the concept or the effort to generate revenue; it is the manner in which it was done, and the complete disregard for any semblance of editorial integrity, to which I object.

It is perhaps telling that the publishers chose to ignore all of the methods traditionally employed to separate advertising from editorial content. I offered my views on maintaining this distinction when the concept was first proposed several months ago.

1. The section uses a title, "profiles," that has been used for years to denote a regular feature in the editorial pages, including on the cover each week;
2. The only printed indication anywhere that the section contains advertising and not editorial content is in the text-sized page folio;
3. The light blue overhead banner created specifically to denote editorial content during the paper's last redesign is employed at the top of pages in the ad section containing advertising content; and
4. The same typeface used for editorial content has also been used for advertorial content, unlike the sans-serif face that has been one of the principal distinguishing factors employed in the paper's prior advertising or "banner" pages.

For those reasons, I have chosen to remove my name from the masthead of the Sept. 15 issue of The Business Press.

This is just the latest — although one of the more egregious — examples of the current administration's complete lack of regard for its editorial products. It is also one of the reasons that I have chosen to accept a buyout.

Robert F. Dixon

...............................

From: Robert Dixon
To: [Several e-mail addresses]
Subject: Bob's gone...
Date: Sep 10, 2008 6:08 PM

I know tongues are wagging, so here's the scoop: [Business Press publisher] Frank [Escobedo] had me ejected from the building because of my earlier email. Starting my voluntary severance early.

We salute you, Bob Dixon. [UPDATE: Here's Bob's website, give him some work!]

[via Romenesko]

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<![CDATA[Genentech laughs off $43.7 billion buyout offer]]> You're forgiven if you don't know there's a company a few miles north of Google that pulls in more than $10 billion a year selling drugs. Genentech makes the cancer treatment Avastin, the arthritis and lymphoma drug Rituxan, and the breast cancer fighter Herceptin, each of which bring in a few billion a year. Its stock, which trades under the symbol DNA, nearly touched $100 a share yesterday, a three-year high. Market cap is just over $100 billion, not far behind Google's $118 billion. Once you know all that, it's not surprising that the company nixed a buyout offer from Roche, its majority shareholder. San Francisco's bid to become the world's biotech center is moving more slowly than planned, but just you wait another ten years. These little drug companies are going to get a lot bigger.

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<![CDATA['Times' Lore: The Pristine Style Manual]]> We were sent this tear-jerking tale of the going-away party for a New York Times employee who got the best gift ever. "The story: Merrill Perlman, the director of copy desks at The Times, who has 'chosen' to leave the paper (read: got pushed out) received a send-off today in the same spot where the Pulitzers were given out earlier this year. (This, after the farewell had originally been scheduled for the Page One conference room — never mind that the copy editors constitute the biggest staff in the New York office.)" Read on!

So anyway, the first gift presented – and the best – was scavenged from the 43rd Street building by Janet Higbie, an editor on the Foreign desk: a hardbound copy of The New York Times style manual, in PRISTINE condition, Janet emphasized. As in, NEVER used. So shiny. So pretty. And the name inscribed on the inside? (Drumroll…)

Jayson Blair.

Hah. That would explain so, so much. He never even read the part about how you're not supposed to lie and plagiarize! To be fair, it's way after the bit about the Oxford Comma, which is where most readers give up.

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<![CDATA[100 Buyouts at Wash 'Post']]> More than 100 employees accepted buyout packages from the Washington Post. Including some famous people! Like Thomas Ricks, whose reporting on the military and the Pentagon has often been fantastic and essential during these miserable war years. Also taking early retirement from the paper is Laura Sessions Stepp, whose reporting on lifestyle trends has annoyed everyone in the DC metro area for years now. And two of her best pieces started national conversations.

Conversations on why on Earth the Washington Post felt the need to explain what a "wingman" is in 2006. And also why so many girls are total sluts these days (she got a book out of that one, so she's not sweating this). Sad. Who will chronicle the terrible sexual habits of the youth at the Post now? We were so looking forward to learning the true meaning of a Facebook Poke, some time in 2010. [WP]

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<![CDATA[Dean of Washington Press Takes Buyout]]> David Broder, who's been rehashing conventional wisdom at the Washington Post for nearly 500 years (or like 20), just accepted a buy-out. He'll still contribute to the paper as contract employee, though. We wouldn't want David Ignatius to get lonely! Still no word on whether executive editor Len Downie's taking a buyout too. Many people hope he will, as it'd give the paper a chance to shake things up. And a new editor might help solve the war between the paper and Post online. [Politico]

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<![CDATA[Upheaval at 'Fortune']]> An emailer: "15 people are to be let go at Fortune mag; about 8 through buyouts." Also, "[Money executive editor] Craig Matters left to run Fortune.com, the two deputy MEs were promoted to co-ExecEd's (yes, that is a bit bizarre and not so workable) and the photo editor Jane Clark was fired Friday. Mg. Ed. Eric Schurenberg also just lost superstar Jason Zweig and another editor (Cybele Weisser) to the WSJ. Craig was in charge of the Best Places to Live uber-franchise and many writers at the mag have said they'd bolt if Craig left." Folio confirms all this besides the Jane Clark firing. Anyone else have more details?

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<![CDATA[Times' Historic Mass Firing, A Sneak Preview]]> The Times is short of its goal of 100 staff buyouts, so 30 newsroom staff will likely be laid off in the next month. This would be "the company's first-ever mass firing of journalists in its 156-year history," according to Keith Kelly at the Post. But there's a chance that number could be reduced, since the Newspaper Guild has yet to obtain an official count — Kelly's number is based on his own inside sources. In any case, it looks like the cuts may very well fall on the feisty Metro desk, which has turbocharged the paper's internet presence and is probably the last place the paper should be cutting:

With competitive threats looming from The Wall Street Journal, which like The Post is owned by News Corp., sources said the business desk and national desk will be spared and will absorb only token cuts.

The Metro desk, headed by Joe Sexton, is headed toward a major reorganization and could absorb the brunt of the involuntary axings.

[Post]

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<![CDATA[Maybe People Shouldn't Quit the 'Times' Just Because We Hate Them?]]> An anonymous journo writes, regarding our all-in-fun poll:

I sort of think the joke doesn't work with Alex Kuczynski given that she's no longer on staff and hasn't been for a loooooong time. Deborah Solomon is obviously a contract writer with the magazine, not a member of the union. Hence neither of them belong in your poll. And Amanda Hesser did quit, already. A couple of weeks ago. Anyway, I don't mean ot be all high and mighty about it, but it just seems to me that in general, if you are going to be merciless cunts, it would help to know what you're talking about.
It's true, that does help. We blame the readers who submitted those names and our unwillingness to do any research! More, touching on Gawker punching-bag Alessandra Stanley, after the jump.
And regarding Alessandra Stanley, and the post from yesterday... She is exactly the kind of Times writer Gawker ought to be championing, and instead you guys have been relentlessly kicking the shit out of her for three years, for every correction she ever gets, for her style, writing today that she should be forced to take a buyout...Obviously, she gets too many corrections, but she churns out (sometimes) as many as five columns a week, and is funny and irreverent not in the maer roshan sense of the word, but in the real sense of the word...Are you guys jealous? Did you just arbitrarily decide to be malicious to her? I totally get it with useless Bill Carter but with her, I find it totally mystifying.

Just saying.

Good points all, except for the lame (five columns a week! presumably written while dodging sniper fire?) defense of Alessandra Stanley, who clearly just hates her job. Kelefa Sanneh has never, to our knowledge, accidentally mentioned the hit single "Totally Out-There" from hiphop duo Charles Barkley. Maybe the architecture critic accidentally mistakes perforated parapets for plain ones every week but we're not a nation of architects, we're a nation of television viewers, and we notice when someone calls it "All About Raymond."

We freely own up to malicious cuntiness, though.

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<![CDATA[Poll: Who Needs to Quit the 'Times']]> The New York Times is desperate for some of their overpaid, aging staffers to accept a buyout deal. A staff email yesterday pleaded with people to gracefully take the money and run—'cause if they don't, there will be layoffs. Now we don't want to see that. It breaks our heart. No, we'd much rather some noble Times stars just pack up and leave. So we asked you who should take buyouts. You named names! Now, we poll. The winner of this poll has to quit the paper, or else they'll have layoffs on their conscience. Poll below! Choose wisely!

Gawker Media polls require Javascript; if you're viewing this in an RSS reader, click through to view in your Javascript-enabled web browser.


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<![CDATA[T Wouldn't Miss Standards Editor]]> Picture 6-18Among the names floated by Radar yesterday as possibly taking a Times buyout was Craig Whitney, the assistant managing editor overseeing journalistic standards. Whitney sided with public editor Clark Hoyt in a recent internal Times feud over semi-nude photos in T Magazine of a 17-year-old girl (pictured) whose blurred breast was exposed. Hoyt and Whitney argued the photo did not belong in the paper, T and the main Times Magazine basically called Hoyt and Whitney Philistines. The folks at T would be happy to see "prudish" Whitney go, claims one observer, if only because they see his very job as unnecessary. Of course, it was barely a month ago that Whitney was reminding everyone to attempt to interview multiple people when writing profiles. Sometimes a prude is just what you need.

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<![CDATA[Who Should Take Buyouts at the 'Times'?]]> New York Times Associate managing editor William "Bill" Schmidt just sent an email around the paper begging people to accept buyout offers, for the good of everyone else. "Each buyout we record before next Tuesday reduces the number of layoffs we will have to seek." Retire! Earlier today, Radar media critic Charles Kaiser named a couple people who might take buyouts, but none of them were people we want to see leave. None of them are responsible for Thursday Styles, after all. Though we suppose the idea is for old people to leave, right? Can Clyde Haberman take one? Wait, is Clyde Haberman still alive? Pulitzer Prize-winning investigative reporter Dan Barry can stay as long as he goes back to investigative reporting and not writing columns about quaint happenings in quaint places. Oh, and COUGH COUGH ALESSANDRA STANLEY? Your further suggestions are appreciated. Full memo after the jump.

To the staff

About six weeks ago Bill Keller announced that the newsroom would need to reduce its head count by about 100 jobs, as a result of the worsening financial picture facing this newspaper and the rest of our industry. To that end, we put on the table a round of buyouts, and began seeking volunteers among both our Guild and excluded employees.

The window for those voluntary buyouts closes officially next week — on Monday, April 21, for excluded members of the staff, and on that day and the next (Tuesday, April 22), for Guild applicants.

While we will not know the hard count until that time, every effort to handicap the outcome suggests that we are almost certain to fall short of the number of volunteers we will need. If that is indeed the case, as we expect it will be, we will — regrettably — be forced resort to some limited number of layoffs within the core newsroom.

While layoffs have become all too common across our industry, this is the first time the newsroom as a whole has confronted that blunt reality, and we approach it with a heavy heart. Even as people and jobs go away, the reductions will have a continuing impact across the newsroom, as we regroup and reorganize departments and even juggle some assignments to ensure we are able to continue to produce the kind of quality journalism that is our hallmark.

I wish I could offer some clearer sense of scale. An effort by the Guild to predict the outcome a few weeks back, based on what they knew from the people who had asked to get a buyout package, concluded it was too soon to tell if there would be enough volunteers, across the staff. Their own estimate, at that time, fell short of the mark, and the basic calculus has not changed.

Because the voluntary buyout window is still open for a few more days, and because we know many of you might still be contemplating what to do, we urge you to give the offer serious consideration, if you believe there is some financial advantage in it for you and your family. Each buyout we record before next Tuesday reduces the number of layoffs we will have to seek.

If any of you have any questions, or seek further information in the coming days, please do not hesitate to reach out to me.

Bill Schmidt
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<![CDATA[With Every Buyout, a Young Reporter Gets Wings]]> newsroom.jpgShould we be worried that The New York Times, Newsweek and The Washington Post are buying out their old seasoned writers and leaving behind a bunch of young reporters who possibly don't know what they're doing? "No!" says Jack Shafer. According to Slate, these voluntary buyouts (also known as "If we pay you a large sum of money, would you please leave already?") are going to end up revitalizing journalism.



See, when writers stay in their jobs for decades, the papers lose their freshness and stop innovating. In the meantime, talented young reporters are having a hard time getting hired for top positions because no one ever leaves (sort of like when you're following in the car behind an old person and they're weaving all over the road and you can't get around them).

That's right — the boomer ceiling has been keeping us down, man! After all, if Michael Jordan had never left, there wouldn't have been room for Lebron James (we're pretending that we watch sports today). Besides stifling innovation, these old sea dogs of journalism also cost news organizations shitloads of money with their overinflated salaries. Young reporters, on the other hand, come cheap.

Recently, New York Times Supreme Court reporter Linda Greenhouse
accepted a $300,000 farewell package and Newsweek's David Ansen and David Gates have taken deals as well. But it's not all "move bitch, get out the way"! Most of these graybeards wind up with a nice parting gift in the form of jobs in academia (Greenhouse is headed to Yale Law).

Shafer adds: "While I hold the 61-year-old Greenhouse in great esteem and will miss her coverage, it's worth noting that she had covered the Supremes for nearly 30 years. Disco was still big when she took the assignment. Starsky and Hutch was on television."

Laugh all you want but in 40 years, they'll be judging us for hip-hop trance mixes and Ghost Whisperer.

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<![CDATA[Portraits of the Bought-Out]]> The Newsweek buyouts have happened and they're more extensive than originally predicted. Let us remember that a buyout is a far better fate than layoff. These fallen writers are in a better place now. A place with The Golden Girls and The Price Is Right. After the jump, a bit more about those who have left Newsweek for a retired journalist heaven.

David Gates
Newsweek isn't known for its prose, but David Gates's style was the exception. His review of Colson Whitehead's novel Apex Hides the Hurt had intern Alexis at hello. His first novel Jernigan, received a rave from the hard-to-please Michiko Kakutani in the New York Times, "The minute he starts talking, Peter Jernigan, the narrator of David Gates's astonishing first novel, grabs you by the lapels and compels you to listen to the sad-funny-tragic story of his life." Newsweek has few other writers with such style, and he will be missed.

David Ansen
Since January 26, 1958, Newsweek film critic David Ansen has been counting every movie he seen. By October 29, 2007, he was up to 7,714, and counting. A member of the Los Angeles Film Critics Association, National Society of Film Critics and New York Film Critics Circle, Ansen will have to reach 10,000 on his own.


Cathleen McGuigan
A graduate of Brown and Harvard, Cathleen McGuigan is an adjunct professor at the Columbia Journalism School. Her 1986 description of Soho artist as "America's last pioneers, urban nomads in search of wide open interior spaces" for Newsweek is a Bartleby notable quote.

Harold Shain
Harold Shain was a business man. The former president and chief operating officer of Newsweek in March 1998 left the position to become the chief executive of Newsweek Budget Travel just last October. He couldn't have known then that only a few months later he would be accepting a buyout from the Washington Post company.


Alexis Gelber
Alexis Gelber was literally married to Newsweek. That's an approximation of the headline of her Times wedding announcement to Mark Whitaker: "Alexis Gelber Married To Newsweek Writer. Gelber was also a judge on Barnard's annual writing contest for 11th-grade girls in New York City public high schools in 1999.

Nancy Cooper
Senior editor Nancy Cooper took us into Y2K, editing the Newsweek's news section on 2000 from 1997 until the aughts.

George Hackett
If there's one man who embodied the general interest spirit of Newsweek, it was George Hackett. The senior editor worked in the Science & Technology, oversaw the coverage of the Salt Lake City Games, edited Perspectives and My Turn sections. He also started 1994, he initiated Focus: On Technology, which ironically centered on the rise of the internet, which would be one cause of his buyout.

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<![CDATA[Too Far, Sam Zell, Too Far]]> newspaperprimerp.jpgWe're not sure we can forgive the crotchety old Tribune Company owner. It's one thing to curse at your staff. And making layoffs is harsh but necessary. But doing away with public tours of the L.A. Times headquarters? Sam Zell, you just crossed the line, big time. As part of a cost-saving measure, the L.A. Times is canceling tours and their resident guide Darrell Kunitom is accepting a buyout. Full buyout list, including Pulitzer Prize winners and a good chunk of the Times's Washington bureau, after the jump. [via LA Observed]

Crust, Kevin—Calendar Darling, Jill—poll Delson, Jennifer—Metro Doggrell, Glenn—Designer Fantazia, Joan—Features Furlong, Tom—National Green, Julie—Editorial pages Griggs, Greg—Ventura Hale, Liz—magazine designer Hunt, Don—Metro Kang, Connie—Metro Krikorian, Greg—Metro Kunitomi, Darrell—tour guide Levin, Myron—Metro Nazario, Sonia—project writer Neal, Ron—features designer Norwood, Robyn—Sports Piccalo, Gina—Features Pinkus, Susan—poll Rabin, Jeff—Metro
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<![CDATA[The 'Newsweek' Buyouts, Now With More Details]]> Popularity among dentists doesn't count for anything anymore. Newsweek is planning to buyout an estimated 10 percent of its staff this spring. The actual number of Newsweek employees is kind of confusing, what with contract workers and random bureau chiefs. One writer guesses that about 40 people will take a deal and doesn't think there will be layoffs. "Like everyone else, they're trimming the staff. But since it's the Post Company we're not going to fuck anyone."

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<![CDATA['Newsweek' Loses Holiday Donations, Potentially Employees]]> An internal memo alerted Newsweek staffers that funds collected during the Tip Sheet Holiday Sale in December are missing. Donations to the New York Times Neediest Cases Fund—who would have guessed that a Washington Post property would be donating to the New York Times?—have been compromised, along with Newsweek staffers' bank accounts. Newsweek offers to reimburse any associated banking fees. But much more intriguing than this goof are rumors of an upcoming buyout. Know anything? Drop a line. Full Newsweek memo after the jump.

From Deidre Depke, Editor of Newsweek.com:

URGENT: PLEASE READ CAREFULLY

I regret to have to tell you that some of the funds collected during the
Tip Sheet Holiday Sale that took place on December 11, 2007, are
missing. We don't have a list of who wrote checks (each of which would
have been made payable to "The New York Times Neediest Cases Fund"), so
I'm reaching out to all of you who might have attended the Sale to alert
you to the situation — the immediate concern is for the security of
your bank account. I've spoken to my Newsweek colleagues and here's
what they suggest:

· you should review your past couple of bank statements, or check
with your bank, to see if your check was ever deposited. If it was
deposited, please let Maggie Buehler know immediately. If it wasn't
deposited, you should strongly consider putting a "Stop Payment" order
on the check (your bank can tell you how to do this). Newsweek has
agreed to reimburse you for any related bank fees.

· you should talk to your bank about whether, for security reasons,
it might be advisable to change your account number. Again, Newsweek
has agreed to reimburse you for any associated bank fees.

I'm aware that this situation may cause you some inconvenience — but
the primary and immediate concern is for the security of your checking
account.

If you're still interested in making a donation to The New York Times
Neediest Cases Fund, you can send your check to Maggie. Newsweek will
match your contribution (and it won't affect your matching gift limit
for 2008).

Again, I'm truly sorry for any inconvenience. If you have any questions
or concerns, please contact

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