The Main Street Business Assistance Program, recently signed into law by Gov. Jon S. Corzine, could get credit flowing to 500 or so New Jersey businesses in the months ahead, said Caten Franzini, chief executive of the state's Economic Development Authority.
Pain Is the Story of the Year for Newspapers Economists, Layoffs across N.J. reflect industry’s struggle with changing business model, Internet news Corzine Clash Over Economy Steven J. Dundas By Scott Goldstein Experts praise effort, but IT’S QUIET on press row in Trenton these days. say much more is needed Four reporters were laid MEDIA off at the Statehouse By Martin C. Daks bureau for Gannett Co. Inc., leaving an editor, a deputy editor and a clus- PLAINSBORO — “These are deeply ter of empty desks. Next door, The challenging times, but we will New York Times’ Statehouse office emerge even stronger sits empty because that paper, deal- ECONOMY than before,” Gov. Jon ing with its own cuts, stopped S. Corzine told about 100 chief exec- staffing the office earlier this year. utive officers and business leaders at To media experts, empty news the annual New Jersey Economic bureaus like these are symbols of an Policy Forum. industry whose traditional business Plans to “turn entrepreneurs model no longer works. loose” by reconsidering burdensome “The time of people picking up regulations and cut back state a newspaper in the morning and spending will help New Jersey ride having time to read it doesn’t exist out the economic meltdown, anymore,” said Jerome Aumente, In the age of smartphones, real-time news and Internet advertising, print media is increasingly being avoided by readers. Corzine added. distinguished professor emeritus But the state still needs to and special counselor to the dean at on their own Web sites, he said. circulation revenue. “We have to go Bridgewater, the Daily Record in change some fundamentals, and its Rutgers’ School of Communication “The cost of fuel to deliver through this period of transforma- Parsippany and The Daily Journal in ability to emerge from the current and Library Studies. “That golden papers and the cost of newsprint tion, and there will be a lot of pain Vineland, according to The Associat- economic morass depends on a era has passed us by.” continues to go up,” Aumente said. with that,” Aumente said. ed Press. The cuts followed a round national recovery, countered some Newspapers nationwide are “And as we get more green, it’s hard Pain has been the story of the of layoffs in August that hit 3 percent state economists at the event, held changing to compete with alternative to justify a four-pound newspaper year. Earlier this month, the ax fell at of the company’s employees, earlier this month at the Wyndham news sources, particularly Web sites, that ends up in the landfill, when in all six Gannett newspapers across including some at New Jersey news- Princeton Forrestal Hotel and Con- which are free for readers, provide fact a lot of that news can be pulled New Jersey. By the time the smoke papers, according to the AP.
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