The publisher of The Philadelphia Inquirer, the Daily
News, and Philly.com has
announced buyouts to cut 30 union jobs in the newsroom and other departments,
the paper reported.
A number of
nonunion positions will be cut as well, the paper reported.
“We wish we
didn’t have to make these tough choices, but these are the economic realities
of journalism in 2019,” Terrance C.Z. Egger, Philadelphia Media Network’s
publisher and chief executive, said in a statement.
“Declines
in revenue that have affected media companies of all sizes, including ours,
require that we constantly adapt and adjust our expenses while also making
strategic investments necessary for our future,” Egger said.
The buyout
will be offered to around 140 employees, including 117 members of the NewsGuild
of Greater Philadelphia, the company said.
The for-profit
news organization is owned by the nonprofit Lenfest Institute for Journalism.
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