NYTIMES cuts dividend, AP cuts jobs.

Media: And I am busting a move from the sheer joy of it. The media deserves it.

NYT cuts dividend from 23 cents to 6 cents per share New York Observer"This was a difficult but necessary decision that will provide us with greater financial flexibility in these uncertain economic times," says Times Co. chairman Arthur Sulzberger, Jr. Read the Times' story on the dividend cut.

AP could lose 10% of staff through attrition in 2009 The E&P PubThat's what Associated Press CEO Tom Curley told his employees at a town hall meeting on Thursday. (First reported by Gawker.)

Via Romenesko