Atlantic City Concessions: Daily Slashes 15 Percent of Workforce

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The daily Press of Atlantic City pink-slipped 26 staffers this week and will not fill 13 vacant slots, the paper announced.

The daily is reducing its workforce by 15 percent as it trolls for a buyer. Current owner Abarta, Inc. of Pittsburgh, The Press' owner for 60 years, plans to unload The Press Media Group. Publisher James W. Hopson said the terminated employees will receive severance, outplacement assistance and counseling.

The paper, New Jersey's fourth-largest daily, has a daily circulation of roughly 70,000.