Tribune Co. to Cut 700 Jobs at Newspaper Division
Tribune Co. says it’s eliminating about 700 jobs as part of a restructuring of its newspaper business.
Spokesman Gary Weitman says the cuts will take place over the next year. In addition to the Chicago Tribune, the Tribune Co. owns the Los Angeles Times and six other daily newspapers.
The company’s reporting staff won’t be affected, but there will be small reductions in other editorial areas.
The cuts account for about 6 percent of Tribune Co.’s workforce.
The Chicago-based company emerged from a four-year stint under bankruptcy protection last December. In the months since, it has focused on boosting profitability at its broadcast division. It plans to spin off its publishing business by mid-2014.
To Read The Full Story
Are you already a subscriber?
Click "Sign In" to log in!
Become a Web Subscriber
Click “Subscribe” below to begin the process of becoming a new subscriber.
Become a Print + Web Subscriber
Click “Subscribe” below to begin the process of becoming a new subscriber.
Renew Print + Web Subscription
Click “Renew Subscription” below to begin the process of renewing your subscription.