Boston Globe Death Watch - II

If this is any indication (and I believe it is), ad revenues are drying up:

In an internal memo, Townsquare Media announces it has laid off 65 employees (26 at corporate level) and suspended 401K matching, while 18 executives are taking 10% temporary pay reduction.

— RadioInsight.com (@radioinsight) March 30, 2020

This tweet is courtesy of Boston Radio Watch. He's a sharp, insightful sort who pays serious attention to this sort of thing, and he watches that particular metric (ad revenue) pretty closely, as it's a prime factor into a company's revenue in the newspaper industry. The Globe just shitcanned 50 employees, want to get rid of 55 more through buyouts and now a primary source of revenue is under serious threat. One wonders how long John Henry continues to prop up this money-losing company.