Wednesday, August 12, 2009

New Owner Platinum Continues To Slash Union-Tribune Staff, Cuts 112 More

The San Diego Union-Tribune has laid off about 200 112 of its employees, the newspaper tells us (A source had told us earlier that the company had cut 200 staffers). The mass layoffs come four months after private equity firm Platinum Equity—which is also reportedly trying to buy the Boston Globe—purchased the paper. Under Platinum Equity’s ownership, the paper had already laid off 192 employees in May, meaning it will have now eliminated a staggering 40 30 percent of staff since it took over. The paper will now have about 650 740 employees.

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