The extent of the job losses at various papers owned by McClatchy Co. around the country is becoming clearer the day after the company announced an across-the-board workforce reduction of 10 percent.
- The Sacramento Bee is eliminating 86 jobs, or 8.1 percent of its staff. This figure includes 46 layoffs.
- The Kansas City Star is cutting120 jobs.
- The Lexington Herald-Tribune is cutting17 positions, or roughly 4 percent.
McClatchy CEO Gary Pruitt told Reuters. "We are still facing a very rugged advertising environment and I can't say we have bottomed yet." McClatchy shares were off by about 12 cents, or 1.5 percent, to fall below the $8 mark in trading on the New York Stock Exchange earlier today.