With less and less big items to cut, the Tribune Company paper is also looking to rein in expenses by not publishing Monday business section as a stand-alone. It will also shrink the width of the newspaper to 44 inches from 48 inches. To balance things out, the paper is creating a separate section for breaking news called LATExtra, which will publish Monday through Saturday.

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The year’s barely gotten started but there have already been at least 431 newspaper jobs lost, according to Paper Cuts. The site counted 14,861 layoffs for 2009, slightly less worse than the prior year’s the 15,984 newspaper jobs that were slashed.

The latest layoffs at the LA Times comes nearly a year after it cut 300 positions—70 of which were in editorial—and folded the local news stand-alone section into the front section. As for the paper’s parent company, last month, Tribune’s bankruptcy court judge allowed current management more time to come up with a reorg plan to emerge from Chapter 11, rejecting challenges from its creditors who tried to wrest control from the current management team under Chairman Sam Zell and Randy Michaels, who went from COO to CEO.