Reflections of a Newsosaur Alan Mutter says barring an unexpected upturn in the newspaper business in the second half of this year, McClatchy's ad sales for 2008 are likely to be $295 million lower than they were in the prior 12 months. Thus, the $70 million the company hopes to save by eliminating 1,400 positions would offset only 23.7% of the anticipated revenue shortfall.
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Cuts aren't being implemented with equal damage/
Numbers (E&P/CTB) >
Weaver: "Almost all [those cut] are people we wish we could keep" (ES)
