Offshore publishing picks up

Recently Financial Post carried a news mentioning that The Toronto Star has asked its entire unionized and non-unionized staff to take voluntary severance packages as the newspaper is toying with the idea of contracting out most of its editorial and production functions. If this is the state of affairs with Canada’s largest paper by circulation, one can imagine what state other print and publishing companies would be. The Toronto Star’s parent company, Torstar Corp., incidentally posted a $12.2-million drop in operating profit for its newspapers-and-digital segment in the second quarter of 2009, compared with the same quarter last year.

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Tags: Outsourcing, outsourceportfolio, publishing

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Comment by Jim Hill on December 4, 2009 at 7:43pm: James, this is a very good news article, not so much about publishing outsourcing, but about the demise of a publishing industry that has long since lost its way with most consumers, I think. My sense is that all newspapers in the USA are in for the fight of their lives trying to compete with web-based news. Locally in Dallas, the Dallas Morning News, is going through a very difficult time with huge drops in advertising and a a simple issue that most people do not use the newspaper any more for the news. The more national nespapers are much better off and seem to be making it by such as the New York Times and others, but even they do not look very encouraging. I suspect that local and other city newspapers are going to go the way of the horse and buggy in our lifetime. Many offshore vendors, I suspect, see this demise of the industry and are not too eager to sell outsourcing services to many of them due to the decline in readership, pages, and advertising. Almost like investing your sales dollars in the Detroit automotive industry.

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