Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

Tribune To Cut 700 Jobs From Publishing Division

CHICAGO (UPI) — U.S. media giant Tribune Co. said it will cut nearly 700 jobs as it restructures its publishing business to reflect the shift to digital content delivery.

The plan was revealed to employees in a memo, the Chicago Tribune reported Wednesday. The Tribune is one of eight daily newspapers the company publishes, including the Los Angeles Times and The Baltimore Sun.

The company — which has already cut about 1,150 jobs since 2011 — said it would streamline its operation, merging various divisions, such as marketing, digital media and advertising into one unit.

The publishing staff represents about 6 percent of the company’s workforce, The Tribune said.

“Unfortunately, organizing around functional lines rather than maintain what we’re doing locally, there is going to be some staff reductions,” said Peter Liguori, president and chief executive officer of the company.

“We are not going to be reducing any of our front-line reporters,” he said. “Over time there will be some small reductions on the editorial side, but we want to maintain our best-in-class local journalism.

The company’s publishing division remains profitable, even though advertising is in a sharp decline, The Tribune said.

Revenues were down 8 percent ($62 million) in January through September, compared to the same period of 2012. In the same January-to-September period, the publishing division made a profit of $151 million, the newspaper said.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Facebook Conversations

Join the Discussion:
View Comments to “Tribune To Cut 700 Jobs From Publishing Division”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.