Ruptured Maine: Press Herald Slashes Newsroom Staff

Image via WikipediaStaggered by the poor economy and declining advertising revenues, Maine Today Media-owned Portland Press Herald will layoff 38 full-time and part-time employees within two weeks, mostly newsroom denizens, according to a story in the Kennebec Journal.

In addition to the blood-letting on the editorial side, an additional 23 full-time and part-time staffers have opted for a voluntary buyout, according to the Journal article. Pink-slipped employees will receive two weeks' severance pay for each year of service.