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McClatchy Activates Its New Print Business Model – Chops Headcount By 10% After A 15.4% Advertising Revenue Decline Through May, And Other Publishers Won’t Be Far Behind
Philip M. Stone June 17, 2008
There have been all sorts of signs in the past couple of months that the print advertising outlook is getting bleaker, not better, and McClatchy now confirms it by ordering a 10% workforce slash throughout its 30 daily newspapers. The Miami Herald, for instance is cutting 250 full-time employees – 17% of its employees – and the Charlotte Observer is eliminating 123 positions – 11.5% of its staff. In all about 1400 jobs will be gone.

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