|
|
Article: Times' golf company hits a bogey. (New York Times Co.'s Golf Digest Instruction Schools) (Second Look) (Brief Article)
- Article from:
- Folio: the Magazine for Magazine Management
- Article date:
- December 1, 1993
- Author:
CopyrightCOPYRIGHT 1993 Copyright by Media Central Inc., A PRIMEDIA Company. All rights reserved. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
After two years of "significantly reduced revenues," 13 jobs were eliminated within The New York Times Sports/Leisure group's Event/Sports Marketing division and the Golf Digest Instruction Schools in mid-October. James W. FitzGerald, president and CEO of the Trumbull, Connecticut-based division, says the posts were in the sales, operations and support areas. He declines to reveal revenue figures, and says he does not expect to make any further cuts.
"These businesses are not projected to improve in 1994," says FitzGerald of the golf schools, which were founded in the 1970s. Despite the sport's return to popularity in the last decade, the schools have seen attendance ...