Thursday, April 9, 2009

Pilot to lay off 40, but executives say outlook is brighter

The Virginian-Pilot will lay off 40 people, dropping its work force below 1,000 employees, the newspaper's publisher said Thursday. It will be the third wave of job cuts at The Pilot in the past six months.

Nevertheless, The Pilot's financial outlook is brightening, said Maurice Jones, the president and publisher.

Combined, the newspaper and its associated companies turned a profit in the first quarter of the year, said Jones, who declined to disclose figures. March was The Pilot's most robust month in at least a year, he said, with every unit recording a profit.

}}} full story {{{

No comments: