Another McClatchy paper offers buyouts to 320 workers, entire newsroom.
Things are not looking good for newspapers. McClatchy is the same company that owns the Miami Herald. We have had buyouts at the Herald but not of the magnitude of this Raleigh, N.C. daily.
McClatchy's top dog, Gary Pruitt, recently resigned from a group of trusts that control much of the voting power in the company. He was the one who moved the buy of Knight Ridder in 2006 which put the company in debt at a time when ad revenues fell sharply.
1 comment:
Have you seen the crap they print in Herald and online edition. Easily, it's the same thing over and over. In fact I've tried to get them to do an article that is school related, not political, does not involve Crew or the Board and they said, the people don't want that.
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