The bleeding isn’t stopping at the Chicago Tribune, as Crains Chicago Business reports that (via E&P) the paper told employees last week that the newsroom would lose another 20 percent of its staff. The news comes as the Labor Department has opened an inquiry into the way bankrupt parent The Tribune Company made use of the ESOP (employee stock option plan) as part of Sam Zell
Chicago Tribune Cutting Newsroom 20 Percent
Summary:
The bleeding isn’t stopping at the Chicago Tribune, as Crains Chicago Business reports that (via E&P) the paper told employees last week tha…
Newspapers are already dying because of the Internet and the economy is poor and ad revenue is down, so this it to be expected.