Massive Job Cuts At Newsweek

Shortly after 1pm yesterday, word leaked out of a massive exodus at Newsweek. In short: More than 100 staffers accepted a buyout from Newsweek. The departing names include David Gates, David Ansen,Cathleen McGuigan and all of the magazine’s chief researchers. Over at Radar, Charles Kaiser writes:

146 staffers were offered the chance to leave the magazine, with as much as two years of their current salary as a departing bonus, depending on their age and length of service.