Page 1
[Begin Tape 1, Side A]
Biagi: Catherine Shen, tell me about what you do now, what the job is you have now.
Shen: My job now is probably as miscellaneous and as varied as any I've had, since there also is a publisher and I'm associate publisher. We tend to divvy up the work according to interest, time pressure, a lot of other things. I, luckily, tend to draw the stuff that tends to be less time pressured, the longer term projects, which suits me fine. It also depends on who happens to be on vacation or out that day, the editor or the circulation director, or whatever.
Right now we're entering the hardest part of the year for us, which is when we do our budget for next year, for 1993, and under the Gannett aegis, that is an extremely involved process. It doesn't ever really stop, but there's a more intense period, and that intense period would be most of July, August, September, and probably half of November. It's a long process because there's a lot of parts to the budget and there are a lot of reviews it has to undergo, and there's an enormous amount of care that goes into it, probably because Gannett bases its profit expectations and its shareholder expectations on what we hand them, or all its properties hand them.
So right now we just finished in June, for example, a two-day annual retreat with top managers, supervisors, and some line people, trying to come up with what we want to accomplish at the end of this year and in 1993, what we think it's going to take to reach those goals. Now we're trying to put it together in the actual form of a document where we say, "This is what we're going to do," and on that document we'll base the budget, the actual numbers. It's a very involved, very long process, and payroll is a separate issue. Each department has its own budget within the budget, and they all interlock.
So there you are. It has to be based on expected revenues, expected circulation. It's a complex document. It's taking a lot of time to do the planning. We also have to gauge the economic climate for the coming year pretty well to be at all successful.
Biagi: Describe the operation here. How many people work here?
Shen: There are about 330 people who work here; that's part time and full time. That varies a bit.
Biagi: How many departments would you have to be worried about in your job here?