Good news and bad at The Washington Post

The good news: The Washington Post named Katharine Weymouth Publisher and CEO of Washington Post Media She's of the Graham family one of the most highly respected journalism guardian families in the country. The paper is in good hands.
The bad news: In the same article, the Post announced job cuts that include the newsroom.

I for one fantasized that the newspaper woes of our era couldn't reach the prime newspapers in the country. After all, a Michigan Daily alumn told me that while every other newspaper is cutting costs, The New York Times is hiring. I guess that's over, at least for the Post.