NEW YORK The E.W. Scripps Co. is cutting some 400 jobs company-wide. The restructuring is expected to save about $15 million.
Word of the job cuts officially came Friday as Cincinnati-based Scripps reported a third-quarter loss from continuing operations of $21 million, or 39 cents per share. That compares to earnings of $16.6 million, or 31 cents per share, during the July-Sept. quarter a year ago.
Scripps’ statement didn’t say where jobs are eliminated but said employees were notified Thursday. The Knoxville, Tenn., paper, for example, is losing 50 spots. The company notes newspapers are dealing with “rapidly changing business conditions.”
Scripps operates daily and community newspapers in 15 U.S. markets.
The Scripps-owned Evansville Courier Co. in Indiana said it was trimming roughly 32 positions. It publishes The Evansville Courier & Press among others.
Separately, The Boston Globe is cutting 42 jobs, mostly managers in advertising, circulation and marketing. The layoffs announced Thursday do not include any newsroom positions. The paper cut 48 jobs earlier this year through voluntary buyouts.
The newspaper also announced that business managers of its Web site, Boston.com, will report to publisher Steve Ainsley, instead of the digital unit of The New York Times Co., the Globe‘s owner. Editor Martin Baron already oversees editorial operations of both the Globe and Boston.com.
Ainsley said in a memo to employees the layoffs were necessary to cut costs at a time when the newspaper industry is struggling with declining print readership and advertising. He called the decision “very difficult.”
Related: “Declines Continue at Big Dailies.”