Friday, January 30, 2009

Los Angeles Times to cut 300 jobs in latest round

Tribune Co's Los Angeles Times said on Friday it would cut up to 300 jobs and get rid of a separate section devoted to its home state of California, in its latest round of cost cutting actions.

U.S. newspapers have announced thousands of layoffs and buyouts as they try to counter advertising losses and position themselves to pay looming debt.

A company spokeswoman was not available to say how many people work at the Times.

The Times, the fourth-largest U.S. newspaper, will lose 70 news positions, or about 11 percent of its news staff, Editor Russ Stanton wrote in a memo posted on the Times's website.

}}} full story {{{

No comments: