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Revolving Door Newsletter: 06.17.08

McClatchy Cuts 1,400

June 17, 2008
Tribune isn't the only severely listing ship in the newspaper business at the moment; McClatchy is clearly taking on water as well, forcing the chain to cut its workforce by another 10 percent, equal to 1,400 jobs. Of those, 310 to 320 will be newsroom jobs, equal to about nine percent of the company's total. McClatchy is arguably in worse shape than Tribune in some ways, because its papers -- including the Miami Herald and Sacramento Bee -- were hit hardest by the disappearance of real estate ads in those markets. So it should be no surprise that the paper facing the most cuts ...

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