Los Angeles Times cuts 250 jobs
Massive job cuts in the U.S. newspaper industry: The Los Angeles Times announced on Wednesday that it would cut more than 250 jobs in the near future.
Massive job cuts in the American newspaper market: The Los Angeles Times announced on Wednesday that it will be cutting over 250 jobs in the near future. The workforce will thus be reduced by over a sixth. Editor-in-chief Russ Stanton explained that the additional income from the Internet could not compensate for the loss of advertising in the print edition. In addition to cutting 150 editorial jobs and 100 internal jobs, the newspaper will now also produce 15 percent fewer pages.
The US newspaper market is suffering from a massive decline in advertising revenue. Recently, several US newspapers announced that they would be cutting a total of 900 jobs. Last week, Tribune, the parent company of the Los Angeles Times, announced that it was considering selling the company headquarters in Chicago and the Times headquarters in downtown Los Angeles.
With a circulation of 773,884 copies - the Sunday edition even has a circulation of over 1.1 million - the Los Angeles Times is one of the four largest US daily newspapers.
The US newspaper market is suffering from a massive decline in advertising revenue. Recently, several US newspapers announced that they would be cutting a total of 900 jobs. Last week, Tribune, the parent company of the Los Angeles Times, announced that it was considering selling the company headquarters in Chicago and the Times headquarters in downtown Los Angeles.
With a circulation of 773,884 copies - the Sunday edition even has a circulation of over 1.1 million - the Los Angeles Times is one of the four largest US daily newspapers.
