By Mondo Times editors
Boulder Colorado USA
Posted on May 4, 2011 at 12:48pm

Raleigh News & Observer to Eliminate About 20 More Positions

-- On May 3, 2011, the newspaper reported on the latest cost-cutting measures taken by its owner, the McClatchy Company. Similar cuts will be happening at two other McClatchy newspapers, the Miami Herald and the Kansas City Star.

From the News & Observer:

"The staff reductions announced today will affect most areas of the company, including the newsroom. Some employees will have the opportunity to accept voluntary severance packages, but a few positions will be eliminated through layoffs.

The newspaper, which is a McClatchy Co. partner of The Charlotte Observer, continues to see declines in print advertising revenue, mirroring similar trends nationwide. Online ad revenue is increasing, but is still a smaller part of the total.

"Although our declines are not as steep as they have been in previous years, revenue trends remain negative year-over-year," publisher Orage Quarles III wrote in a memo to employees this morning. "As a result, we must continue to look for ways to offset this trend by managing expenses."

Get the full story.

Go to the Raleigh News & Observer profile for more information about this newspaper, including background, ownership, links, ratings, and reviews.

To submit a Raleigh News & Observer review:

• Log in now if you are a Mondo Times member.
• If you are not a member, register for a free Mondo Times basic membership.

You can also see the latest Mondo Times media news & reviews.