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Repercussions of the Recession

Magazine article Editor & Publisher

Repercussions of the Recession

Article excerpt

NAA offers buyouts to cut costs

Staff to be sliced about 10% to 12%

When the newspaper industry hurts, its trade associations feel the pain, too. That's the case at the Newspaper Association of America (NAA), which last week offered voluntary buyouts in an effort to trim its full-time head count by 10% to 12% -- about 15 to 20 positions -- to offset revenue declines.

The buyout offers went to 38 eligible employees, full-timers with more than 10 years of service. They have until May 3 to accept. The NAA and the NAA Foundation have 165 full-time employees, down from 185 in 1995.

"What has been difficult for us, as at a lot of trade associations, has been nondues revenue, which has fallen off considerably over the past couple of years," said NAA CEO and President John F. Sturm. "To maintain fiscal discipline in this downturn, it was necessary to take a look at our labor costs. ... If I felt we were going to finish in the black . …

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