"Morale in here stinks," said the employee.
The same smell is wafting over to the newsroom at the Belo-owned Dallas Morning News, which also was given notice of the buyout offers and where some staffers complain of low morale.

To be fair, saying that some newspaper workers complain of low morale is like saying there is some water in the ocean. We're generally a gloomy bunch--though not so gloomy lately as Belo's stockholders, who have seen the company's share price tumble over the past year.

But Buzz is confident that the mood among Belo's stockholders--if not the poor shlubs who get cut--will be buoyed as the effects of staff reductions take hold.

Happy New Year.

--Compiled from staff reports by Patrick Williams

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