(Feb. 25) -- Anyone in the entertainment media or gossip world knows the name Liz Smith, the well-connected New York Post columnist who seemed to always have one step ahead on the New York scene, even at age 86. Now, she's become the latest casualty of the recession and the ailing newspaper business, as Smith was let go by the Post after 33 years of service."I'm very sorry that that has come to an end, and that I wasn't valuable enough for them to keep me on," the 86-year-old Smith said Tuesday.
Smith said the daily newspaper declined to renew her $125,000 annual contract in a letter that said, "due to economic circumstances, they were the bearer of bad news and so forth."
Col Allan, the paper's editor-in-chief, said: "The Post is grateful to have been able to publish Liz Smith's legendary column for so many years. We wish her the very best for the future."
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