LA Times, A.H. Belo To Lay Off Hundreds of Newspaper Staff

Authored by Jay Baage on January 30, 2009 - 11:34am.

Los Angeles - Tribune Co.'s L.A. Times will cut 300 jobs, according to an internal memo sent out of Friday. Newspaper publisher A.H. Belo Corp. also announced on Friday it will lay off 500 workers, or about 14 percent of its work force at The Dallas Morning News, The Providence Journal in Rhode Island, The Press-Enterprise in Riverside, Calif., and The Denton Record-Chronicle in Texas.

In order to cope with a decline in advertising revenue, LA Times publisher, Eddy Hartenstein, informed staff that the daily sections will be cut from 5 to 4. Editor Russ Stanton said in a second memo that the cuts will include a 70-person reduction across the editorial department, or 11%, in the coming weeks.

A.H. Belo is coping with similar problems. For the quarter to September, A.H. Belo reported a loss of $17.3 million, or 84 cents per share, compared with a loss of $6.3 million, or 31 cents per share, in the previous year. A.H. Belo was spun off last February from Belo Corp., which owns and operates television stations.

Related Links:
http://www.newschannel10.com/Global/story.asp?S=9762714

http://tinyurl.com/bd4mwz

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