Convention Cutting – Forbes.com

Forget April. For bean counters at financially troubled newspapers, August is the cruelest month.

Their budget-stretching began with coverage of the Beijing Olympics, which ends Aug. 24. A day later, the Democratic National Convention kicks off in Denver, and the Republican National Convention begins Sept. 1 in St. Paul, Minn. The result is predictable.

“Almost every large news bureau, with maybe a few exceptions, is cutting back,” says Jerry Gallegos, superintendent of the House of Representatives’ daily press gallery, which is handling newspapers’ convention credentials. In some cases, though he won’t say which ones, papers have reduced their staffing “by as much as 20%.”

Check it out here.