The Monday morning after Unity, The Dallas Morning News reporters awoke to find an email in their inbox announcing 14% job cuts - around 500 people throughout the BELO owned papers.
The company will make voluntary severance offers this week to employees at its four daily newspapers, including The Dallas Morning News, with the goal of completing the process by mid-September.
“We believe that the resultant, smaller workforce – focused intensely on products that take full advantage of A. H. Belo’s local capabilities in content creation and sales – is best suited for the business opportunities that will define our future success,” Robert Decherd, BELO CEO said.
“We have to be prepared for a wide range of possibilities driven by changes in the competitive structure of the industry, new technologies and rapidly-evolving media usage habits,” Mr. Decherd told shareholders.
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