Over 50 Employees Lose Their Jobs As Village NetMedia Ceases Operations
The owner of Maine newspaper publisher Village NetMedia announced Friday that he would be ceasing operations of his four papers, effective immediately.
That means 56 people are losing their jobs, the Bangor Daily News reports. There will be no severance.
The four weekly papers and related websites that are being shuttered served Rockland (The Village Soup Gazette), Belfast (The Village Soup Journal), Bar Harbor (the Bar Harbor Times), Augusta (the Capital Weekly), and entertainment rag The Scene.
“The profound changes in the newspaper publishing business, a weak economy and our investment in new products created severe financial challenges.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in