Friday, October 7, 2011

Denver Post Offers Voluntary Buyouts--Staff Cuts Could Approach 10 Percent

WestwordImage via WikipediaGregory Moore, Denver Post editor, has confirmed that voluntary buyouts have been offered to editorial staffers in hopes that 15 to 20 will depart, Denver blog Westword reports.

Staff cuts are the next step if the nearly 10 percent of newsroom personnel don't opt out, according to Westword. The MediaNews Group, Inc.-owned Denver Post slashed the daily's budget 4 percent last June in the wake of depressed advertising sales and a shrinking readership.  The cutbacks were visible in the sports and feature sections, which reduced pages. As have many other newspapers, the Post is redirecting its resources toward its Website.

The paper's daily circulation is roughly 255,000.

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