Tuesday, 1 March 2011

The Next 18-20 Months for Newsquest

You have to wonder how the fuck these people sleep at night.

Yesterday's announcement that Newsquest chief executive Paul Davidson has been rewarded for his 'efforts' at the 'struggling' group with a lump of shares which will see him avoid the breadline for the foreseeable future.

Well, after breathing a huge sigh of relief for the miserable git, the usual explosion of rage at the mere mention of his name returned.

Let's remember...

Only last week, we learned that Newsquest London, apparently one of the more profitable groups in the Newsquest stable, had asked staff to consider voluntary redundancy just weeks after asking the same staff to take unpaid, furlough leave.

I will refrain from commenting on how those working at the London offices were told of this decision, one which could change their lives forever, as I am informed it was via a three-line email, but I can't believe that to be true? If it is, someone please email that to me and I will happily take a look.

Anyway, Mr Davidson is ultimately responsible for these staff - and let's be honest, Newsquest London is not the only branch which will be royally fucked over in the coming months - facing the end of their careers, or a decision which could see them abandon what they love.

But for what? Exactly how badly is a company doing when the likes of Davidson are receiving these stock options, potentially worth millions?

Again, I'll ask the question; how the fuck does he sleep at night?

I hate to keep on moaning about the seemingly-systematic destruction of newspapers by profit-hungry morons in ill-fitting suits in rather modern-looking and faceless ivory towers, but fuck it, they are killing everything we work for.

And here's my prediction Davidson, to save you and your money-grabbing cronies the bother of pretending to know what lies ahead for hundreds of newspapers and thousands of staff sweating every day to eek out a living so that you can line your fucking pockets with cash:

First of all, at the end of the year, Newsquest will scrape their ridiculously-high profit margin.

It will then - and only then - dawn on fools like you that this is simply not a sustainable position.

So, you will go to Gannett and tell them you would love to provide them with a 25% profit margin again in 2012 but that, unfortunately, you have nobody left to cut but that you will try.

At the end of the first quarter, despite only having a trainee reporter and a sub in every Newsquest centre across the land - many of which will be covering patches previously covered by at least three Newsquest groups - you still won't have hit the target.

Then, you will be sacked, or you will 'retire' as nob ends in the higher ranks of business call it, with a fucking enormous golden handshake for destroying something which meant so much to us, the journalists, the other Newsquest staff, and millions of readers.

And therein lies my theory on how foolish, greedy morons such as Paul Davidson sleep at night:

He knows all of this really, and is simply lining his pockets before the inevitable retirement comes.

And I for one, will be lovingly sending him a watch - £2.99 from Argos - engraved with the words: "Thanks Paul".

As usual feel free to follow me on Twitter - @haplesshack - or send me an email with your abuse. Thanks.

No comments:

Post a Comment