Miami Herald Publisher Cutting 10% of Work Force
Monday, June 16, 2008

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One of the largest American newspaper publishers has reported that as ad revenues drop, so will it's work force. California-based McClatchy Co. is cutting 1,400 jobs, or 10 percent of its work force to try to cut down their debt.

McClatchy has reported a 15.4 percent decline in advertising revenues in the first five months of the year. McClatchy is the No. 3 U.S. newspaper company and publishes The Miami Herald and the Fort Worth Star-Telegram.

McClatchy became a 32 daily newspaper force after purchasing Knight Ridder for $4 billion two years ago, but the burden of buying the second-largest newspaper company in the United States proved too overwhelming for McClathchy.

For the full story, go to NYTimes.com.

If you have any breaking news please contact Amy Novak at anovak@accessintel.com

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COMMENTS

1.

A journalism-oriented site such as yours with grammar errors? Please tell me you'll fix them...
1: "so will it's workforce" -- should be its, not it's. It's is a contraction for "it is."
2: work force is one word, not two
3: "California-based McClatchy Co. is cutting 1,400 jobs, or 10 percent of its work force to try to cut down their debt." -- needs a comma after "workforce" and it also needs the word "its" before debt, not "their" debt. A company is an it. It is a singular coporation. It is not plural.
Phew. Thanks, I feel better now.

Posted by Peggy on Tuesday, June 17, 2008 @ 02:15 PM

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