Magazine article Editor & Publisher

Tribune Co. Will Cut Up to 500 Jobs

Magazine article Editor & Publisher

Tribune Co. Will Cut Up to 500 Jobs

Article excerpt

The Tribune Company is planning to cut up to 500 people, about 2% of its nationwide workforce -- including some 100 to 150 jobs at the Los Angeles Times, according to a story posted on the Times Web site today.

The story described the action by new chief executive Sam Zell as a necessity while the company is "struggling with declining revenue," Times Publisher David Hiller said in an interview with his paper. The cuts would mean 40 to 50 job loses in his newsroom "through a combination of attrition, voluntary buyouts and, if necessary, layoffs."

Zell announced the news this morning in one of his frequent 'Talk to Sam' e-mails to all employees, the paper reported: "The job cuts are focused on the corporate staff and the company's nine newspapers, including, besides The Times, the Chicago Tribune, Newsday in New York, the Orlando Sentinel, the Baltimore Sun and the Hartford Courant.

"The decision was reached during meetings Monday and Tuesday among senior executives at Tribune's Chicago headquarters," the paper said.

The cuts would apparently not affect Tribune's broadcast division, consisting of nearly two dozen television stations. Hiller told the Times that all of the people affected "would be out of the company by the end of March."

Similar to previous buyouts and layoffs at the Times, most departing employees will receive two weeks' pay per year of service. But, the report noted, "Hiller said that any buyouts next year would involve far smaller severance packages -- probably one week's pay per year of service. …

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