Buyouts Rattle Newsweek

The number of buyout offers is actually smaller than early rumors suggested it would be. Bill O’Meara, president of The Newspaper Guild, which represents 90 editorial staffers at the magazine, said that even though 30 people got offers, that doesn’t mean the newly combined NewsBeast is necessarily looking to reduce its headcount by 30. The company hasn’t determined how many people it does want to cut, O’Meara said, but he added that he expects fewer than 10 staffers to take this offer.