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Continued: Star Tribune to lay off 58 workers
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Other recent announcements include the San Diego Union-Tribune, which cut 10 percent of its workforce; the Washington Post, which announced another round of buyout offers next month, and the Chicago Sun-Times, which just followed newsroom layoffs with an announcement it is now up for sale.
Anticipated price increases in newsprint will only add to newspaper companies’ already strained economics, Morton said.
“I had expected 2008 to be a duplicate of 2007, but now it’s beginning to look like it will be worse,” he said.
The announced cuts come as the Star Tribune brought in a consulting firm, Restructuring Associates, aiming for a labor-management alliance to look for cost-saving ideas.
But that move is unrelated, and the company is still aiming to meet with union leaders late this month to share its financials including the cost savings of today’s cuts, Taylor said.
At the same time, the Guild, which represents about 310 employees, mostly in the newsroom, is beginning preparations to renegotiate its contract set to expire July 31.
Harte stressed a long-term optimism in a statement he also released this morning.
While the Star Tribune continues to battle revenue declines, as are most media companies, he said, “We are a very strong and profitable company and by far the leading media organization in the Twin Cities.”
H.J. Cummins • 612-673-4671
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