Tuesday, January 12, 2010

McClatchy papers announce more job reductions

Memo from Raleigh News and Observer's publisher:

We continue to operate in a time of great challenge at The News & Observer, at The McClatchy Company and within the newspaper industry. While we have already implemented a number of cost-control and reorganization measures, revenues continue to show losses, and we must reduce our expenses until we are again showing growth.

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