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.
Business Insider editor in chief Jamie Heller sent out the following on Monday: I'm excited to share…
Former CoinDesk editorial staffer Michael McSweeney writes about the recent happenings at the cryptocurrency news site, where…
Manas Pratap Singh, finance editor for LinkedIn News Europe, has left for a new opportunity…
Washington Post executive editor Matt Murray sent out the following on Friday: Dear All, Over the last…
The Financial Times has hired Barbara Moens to cover competition and tech in Brussels. She will start…
CNBC.com deputy technology editor Todd Haselton is leaving the news organization for a job at The Verge.…