The New York Daily News slashed its editorial staff in half this week, and among the casualties of the layoffs was the entire team of photographers. The paper, which called itself "New York's Picture Newspaper" for over 70 years, now has zero staff photographers.
In April this year, rumors started to appear that the parent company of Pentax, Ricoh, may have to kill off its camera arm. Now it's 2 months later, and Ricoh is reportedly facing its biggest crisis to date.
Sad news in the photo industry today: Australia's biggest newspaper company, News Corp, has announced that it will be gutting its photography departments at newspapers across the country, axing most of its staff photographer and subeditor positions in an effort to cut costs.
Kodak divisions are falling left and right as the company struggles to claw its way out of bankruptcy protection. After killing off its camera business and selling off its film business earlier this year, Kodak announced today that it will shortly be pulling out of the consumer printing business in order to focus on commercial printing.
Things aren't look very bright in the world of film. Citing plummeting consumer demand for silver halide films, Fujifilm has announced that they're cutting a number of films in the lineup in order to ensure that production of films -- presumably the more popular ones -- will continue. They've already stopped producing the discontinued films, so you might want to grab some rolls and freeze them before they become extinct...