Riverside newspaper cutting 150 jobs
September 5, 2008 | 2:56
pm
More bad news for anyone who loves newspapers -- the Riverside Press-Enterprise has cut 150 positions. The Inland Empire newspaper announced the move on its website today, saying 130 employees took buyouts and another 20 will be laid off. From the story:
A.H. Belo Inc., the Riverside publication's parent, announced on Friday that 120 employees are leaving on voluntary buy-outs, and 30 other workers will get booted between now and the end of October.(Skip)Dallas-based Belo Corp. (NYSE: BLC) -- the head corporation of The Press-Enterprise, numerous TV stations, radio stations and a variety of publications -- saw its non-political advertising revenue drop $22.5 million, or 6.5 percent, from January to June of this year compared to 2007.
The paper follows in the footsteps of two other Inland Empire newspapers. The San Bernardino Sun and the Inland Valley Daily Bulletin, owned by Dean Singleton's MediaNews Group Inc., cut scores of workers over the last year. Here at The Times, we're still saying goodbye to the last of 150 journalists who lost their jobs under new owner Sam Zell.
--Veronique de Turenne
