I’m sorry, but I got a chuckle out of this:

After years of resisting the newsroom cuts that have hit most of the industry, The New York Times will bow to growing financial strain and eliminate 100 newsroom jobs this year, the executive editor said Thursday.

UPDATE: More media schadenfreude. This time it’s NBC:

In another example of the belt-tightening of the old media, NBC has announced that they will be closing two of their long standing news bureaus. Gone will be the Chicago and Dallas bureaus to be replaced by “regional hubs.”