BtoB

'Houston Chronicle' cuts 5% of work force

Published on .

Most Popular
Houston--The Houston Chronicle, the nation's seventh largest daily newspaper, this week cut 127 jobs, or 5% of its work force, as it battles the industry-wide downturn in advertising. Jack Sweeney, the newspaper's publisher and president, said the newspaper arranged 80 voluntary buyouts, laid off 39 workers and cut eight contract positions. Twenty-two of the laid-off employees worked part time. The newspaper started to reduce expenses earlier this year as its advertising revenue began to ebb. The Chronicle, a unit of the Hearst Corp., has a daily circulation of 545,000 and a Sunday circulation of 737,000. http://www.houstonchronicle.com
In this article: