The McClatchy-owned Charlotte Observer is eliminating 25 full-time jobs, including the equivalent of 11 full-time newsroom positions, the paper reported.
The Observer reports: “Despite encouraging signs in recent months, the Observer’s ad sales remain weak, publisher Ann Caulkins said. Coupled with last year’s numbers, the losses are staggering, she said.”
Parent company McClatchy, struggling under $2 billion in debt, lifted a company-wide wage freeze last month though CEO Gary Pruitt admitted there could be “additional expense cuts” further down.
Indeed, this month many McClatchy-owned newspapers have enacted staff cuts: the Sacramento Bee announced it would cut 25 positions; the Raleigh News & Observer cut 21, and the Fort Worth Star-Telegram announced a 28-person staff reduction.