OLD Media News

Layoffs expected at Lee Enterprises

Lee Enterprises is set to lay off staff across both its local papers and at the corporate level in a bid to cut costs following its unsolicited takeover bid by hedge fund Alden Global Capital.

As per a source, more than 400 roles are expected to be cut this year across at least 19 Lee-owned local papers and corporate functions.

“As Lee Enterprises continues to transition from a print-centric to a digital-first business, we need to make job reductions to better align staffing with our long-term strategy,” a spokesman said in an email to Axios.

“These reductions are specifically tied to our legacy print business and in areas where we can become more efficient through business transformation,” they added.

Read more here.

Mariam Ahmed

Recent Posts

Pacific Business News hires Meierdiercks as editor in chief

The Pacific Business News, an American City Business Journals publication, has hired Janis Magin Meierdiercks  as…

18 hours ago

Sifted reporter Nowshin departs

Sadia Nowshin, a reporter at European startup news site Sifted, is leaving to join literary…

18 hours ago

Variety promotes Shanfeld to TV reporter

Variety has promoted Ethan Shanfeld to TV reporter. William Earl of Variety writes, "Shanfeld joins the entertainment…

18 hours ago

Klimasinska named Bloomberg’s DC breaking news team leader

Kasia Klimasinska is the new team leader for DC breaking news at Bloomberg News. She…

20 hours ago

NYC event to honor Ledbetter is next week

  Paul Smalera has organized a gathering of James Ledbetter's friends and colleagues—open to all…

22 hours ago

CoStar hires Scheier to cover San Francisco market

Real estate news service CoStar News has hired Rachel Scheier to cover the San Francisco commercial market.…

22 hours ago