Just More Bad News for the News Business, As McClatchy to Cut 1,400
This morning, The McClatchy Company announced it is going to "reduce its workforce by about 10 percent," or 1,400 jobs, ASAP -- and, yes, that will likely include some cuts at the Fort Worth Star-Telegram, where several Friends tell us the mood is one of apropos doom and gloom. It'll happen as usual in this business: a combination of layoffs and buyouts, to commence sooner than later "as the company accelerates efforts to manage through today's difficult advertising market and position itself for future success in an increasingly competitive environment," notes the release. Other papers affected will include The Miami Herald, The Sacramento Bee and The Kansas City Star, the latter of which is expected to lose at least 120 full-time positions. --Robert Wilonsky
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