Thursday, February 17, 2011

Will Newsweekers Take Voluntary Buyouts Before Things Get Too 'Beastly'?

MIAMI - NOVEMBER 12:  The Daily Beast (R) and ...Image by Getty Images via @daylifeApproximately 30 Newsweek staffers are weighing generous voluntary buyout packages that offer four months' salary topped off with extra cash, Yahoo blog The Cutline reports.

Four months since the announced blending of Newsweek and The Daily Beast under the leadership of Tina Brown (see "TUOL" post 11/10/10), which involved smoothing out the non-union Beast operation and the newsweekly's collective bargaining agreement, a select class of Newsweek employees yesterday were given the buyout option.

 Staffers under age 40 have 21 days to accept the buyout, while those older than 40 have 45 days to decide, according to The Cutline post.

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