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MarketWatch.com to cut 15% of jobs

Published on .

New York--Financial site MarketWatch.com, citing the slowdown in online advertising, said it plans to cut more than 15% of its work force in an effort to reduce costs. MarketWatch, in which Pearson plc and Viacom Inc. each own about 35%, said it expects to realize savings of more than $9 million as a result of the job cuts, combined with reductions in discretionary spending including travel and marketing.
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