Max Brantley at the Arkansas Times notes this report from the Las Vegas Sun, which says Stephens Media Group‘s flagship newspaper, the Las Vegas Review-Journal, is looking to cut staff through buyouts.
The Review-Journal is the Nevada city’s dominant newspapers.
The Las Vegas Review-Journal, citing the bad economy, is offering buyouts to between 50 and 100 employees to reduce payroll costs.
In a memo distributed to the Review-Journal’s staff Monday, publisher Sherman Frederick said cutbacks are necessary because, despite the newspaper’s circulation gains, ad revenue has fallen in the face of the local and national economic downturn.
“I wish we did not have to take this step,” Frederick wrote. “But, after much thought, I believe it is necessary and prudent in view of economic conditions.”
Times are tough all over.
Filed under: business, Internet, Media, Newspapers | Tagged: Arkansas Times, circulation, Las Vegas Review-Journal, Las Vegas Sun, Max Brantley, Media, news, Newspapers, publishing, Sherman Frederick, Stephens Media Group |