The Los Angeles Times announced it will cut 250 positions across the company, including 150 editorial jobs. The newspaper will also reduce the number of pages it publishes each week by 15%, as part of its plan to cut costs.
In a memo, Times Editor Russ Stanton said:”Thanks to the Internet, we have more readers for our great journalism than at any time in our history. But also thanks to the Internet, our advertisers have more choices, and we have less money.”
The editorial staff cuts will be spread between the print and Web operations and should be completed by Labor Day.