Federal government more efficient at creating jobs than newspapers
Submitted by R. Neal on Fri, 2009/12/25 - 9:30am

The Knoxville News Sentinel's front-page headline yesterday reported that federal stimulus money had created 10,000 jobs in Tennessee at a cost to taxpayers of $235,912 per job, which is "not affordable."

E.W. Scripps Company, owner of the Knoxville News Sentinel, reported in its 2008 annual report that their cost to shareholders for 6,000 employees was $299,528 per job.

E.W. Scripps Company did not create any jobs in 2008. In fact, management wiped out 487 jobs at a cost to shareholders of nearly $14 million just to get rid of those employees.

Presumably E.W. Scripps and the Knoxville News Sentinel are doing much better on these metrics in 2009 so as to avoid being unfavorably compared to the federal government.

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tennesseevaluesauthority's picture

The biggest downside to your

Submitted by tennesseevalues... on Fri, 2009/12/25 - 12:03pm.

The biggest downside to your new content management system is that I can't vote for this article more than once.

metulj's picture

So true. Also, we have to

Submitted by metulj on Fri, 2009/12/25 - 2:20pm.

So true.

Also, we have to remember that since they are cutting jobs, their figure of ~$299K is actually the lower limit of some number approaching infinity (or Scripps' gross domestic product) until they stop hemorrhaging jobs.

[Nelson Muntz]It's like the square root of 2. You. Just. Don't. Know.[/Nelson Muntz]

True happiness is knowing you are a hypocrite. -- Ivor Cutler

Stimulating the economy as best we can!

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rocketsquirrel's picture

god bless you Randy. I read

Submitted by rocketsquirrel on Sat, 2009/12/26 - 1:16pm.

god bless you Randy. I read that article and was fuming over how to have my own fun with comparable, irrelevant statistics.

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