This morning the McClatchy Co., owner of the Lexington Herald-Leader, Miami Herald and Sacramento Bee, announced it will cut 15 percent of its work force, which amounts to 1,600 jobs, throughout the company.
In Lexington, publisher Tim Kelly said he’s working on a plan to reduce expenses, but won’t be ready to make an announcement for a few weeks. So Herald-Leader staffers have a few anxious weeks ahead of them. But obviously more newspaper jobs will be lost.
The company announced a 10 percent workforce reduction in September, but continued declines in ad sales are forcing McClatchy to cut deeper.
2 responses so far ↓
1 Lunchbox: - FatLip // Mar 9, 2009 at 11:45 am
[...] throes?: McClatchy announced it would cut 15 percent of its workforce, or 1,600 jobs. The struggling company (is there a daily newspaper not struggling [...]
2 Fire Abramson // Mar 10, 2009 at 4:03 am
One thing is the advertising dollars are now shrinking but also there is little information in the newspaper that actually pertains to anything worthwhile. Its just a glob of AP articles, an opinion section, and a few other odds and ends. No real in depth news reporting since that takes time and money and its easier to pull things off the wire. Eventually, youll see a lot more of the daily papers gone
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