The Richmond Times-Dispatch cut eight positions this
month, the paper reported.
The paper
cited continued declines in print advertising revenue as the reason for the
cuts.
Four people
in the newsroom, two in advertising and two in creative services were laid off,
the paper said. No reporters or photographers were cut. All affected employees
are eligible for severance benefits.
BH Media
Group owns the paper.
Last
summer, Iowa-based Lee Enterprises began managing BH Media papers under a deal
that pays Lee $5 million plus a percentage of profits to run BH Media’s 31
daily papers.
“What’s
kind of sad here is that when Warren Buffett came into Virginia and started
buying up papers, there was so much optimism; people were thinking of him as a
kind of savior, someone with deep pockets … who would give them some breathing
room,” Jeff South, a journalism professor at Virginia Commonwealth University,
told the Virginia Mercury.
“I guess
while Mr. Buffett’s heart was in the right place, he didn’t realize how
difficult it was going to be,” he said.
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