The next few weeks will be very tense for the editorial department at the Los Angeles Times, with possible cutbacks coming next month. According to The Wall Street Journal, I have been told this is only speculation on their part, the Tribune Company would sell off all of the television stations and payout a dividend to its shareholders.
But if this auction ends as many expect, Tribune will have to self-inflict the kinds of harsh changes that normally come from an outside buyer. That will mean even steeper cost cutting and asset sales.
Kevin Roderick at LAObserved ran a story about the possible changes coming to the Times.
Amid resurgent newsroom talk of personnel cuts by the end of the quarter — that's March 31 for you civilians — the Times this afternoon undermined staff morale a bit more. A note just went out from the editorial hiring and development team letting everybody know that the annual awards gathering — where the best reporting, editing, photography and design of the year are honored — has been postponed.
Tribune Employees across the country are waiting for the outcome of this situation closely.