More Cuts Ahead at the Strib?

The McClatchy Co., former owner of the Minneapolis Star Tribune, always prided itself on not using layoffs as a financial management tool. No more. McClatchy is cutting 10% of its employees companywide, or about 1,400 people in all, which the company says will save it about $70 million a year. Not all of its 30 daily newspapers are getting hit equally: The Miami Herald is losing 17% of its staff, while the Myrtle Beach (S.C.) Sun News is only losing 4%. But the average is around 10%. Continue Reading