Tribune Company plans to cut 400-500 jobs, which is 2% of its workforce, mainly due to what most publishers called “economic problems” at a number of publications, including The Los Angeles Times, The Chicago Tribune, Newsday, The Orlando Sentinel, and The Baltimore Sun.
Samuel Zell tells the New York Times that the “weak economy and significant declines in advertising volume at our newspapers” have hurt cash flow.
David H. Hillard, publisher at the Times, explained to the New York Times that ...