Thursday, March 19, 2009

Anchorage Daily News announces staff, pay cuts

The Anchorage Daily News will cut its work force and reduce wages as part of a major, nationwide effort by its owner, the McClatchy Co., to eliminate $110 million in expenses to offset declining advertising revenues, Patrick Doyle, the newspaper's publisher, told employees in a letter this morning.

This will be the third round of staff reductions at the newspaper in 10 months and is symptomatic of an industry-wide crisis threatening to sink newspapers across the country.

Staffing at the Daily News will drop by 45 people, or about 17 percent, through a combination of buyouts, layoffs and the elimination of vacant positions, Doyle said. Seven of the jobs eliminated were the result of new, more efficient production equipment.

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