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Keith J. Kelly

Keith J. Kelly

Media

Kakutani, Risen among 100 NY Times buyouts

Michiko Kakutani, the chief book reviewer for the New York Times, who spent 38 years at the Gray Lady, was among those who took the money and ran as part of the recently completed buyout program at the paper.

Pulitzer Prize-winning reporter James Risen also took the buyout.

It is believed that when the dust settles, about 100 employees will have departed — some with more than a little twisting.

Of the 76 NewsGuild members who applied for a buyout, 72 had been accepted by Thursday, according to Guild President Grant Glickson.

At least 16 non-union members were said to have taken the deal.

News about Kakutani’s departure came the same day as the Times issued a generally favorable quarterly earnings report. In its results, the Times revealed that booming digital subscriptions reached the 2 million paid mark and its digital subscription revenue passed the slumping print ad revenue figure for the first time.

Overall revenue in the quarter was $407 million, up 9 percent from a year ago. Adjusted operating income was $67.1 million, up 23 percent.

Most of the those exiting are from the copyediting desk, which is being wiped out and replaced by a new brand of uber editor who will work on print, digital and video.

In all, 109 copy editors were told their jobs were goners — although a good number landed some of the 65 new super-editor jobs.

Times CEO Mark Thompson said in his talk to analysts, “Our newsroom is undergoing a process to streamline its editing function to match the speed and form of digital journalism, while freeing up resources to put more journalistic boots on the ground, to deliver more investigations and help us further develop our capabilities in visual journalism.”

Said one insider who survived: “The mood is grim acceptance. But also exasperation, that when the Times is putting up great numbers, it has chosen to undermine the product by eliminating the free-standing copy desk.”