Newspaper Announces Big Job Cuts

The News & Observer Publishing Co. says it will reduce pay for many employees, require furloughs and eliminate 11 percent of its workforce, including 27 newsroom positions at its flagship newspaper in Raleigh.

The media company is a subsidiary of the McClatchy Co. and owns
publications such as The Cary News and The Herald in Smithfield.

In a story posted Monday on the Web site of The News & Observer, the company said declining advertising revenue led to the decision, which is in line with those of other McClatchy publications.

The layoffs amount to 78 positions. Remaining employees will have to take a week off without pay.

The News & Observer also reported salaries will be cut up to 10 percent. People making less than $25,000 won't see a cut.

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  • by Sam Location: Willliamston on Mar 17, 2009 at 09:37 AM
    It looks like UNC-Chapel Hill will not be getting as much money as they have been getting, considering the News & Observer has always been biased to UNC.
  • by Tom on Mar 17, 2009 at 04:05 AM
    Under 25,000.. isn't that what most of the employees at the newspapers east of Raleigh make these days? This is happening to all newspapers across the country. You better get on board with the internet, that's is the only place you will find your local news at, in the not so distant future.

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