The parent of public broadcaster WTTW-Ch. 11 said Friday it plans to cut around 12 percent of its workforce as part of an effort to cut $3 million in operating costs in response to declining revenue.
For those who remain at Windows to the World Communications Inc., which also is parent of WFMT-FM 98.7, the company-wide salary freeze instituted in 2009 will remain in effect into 2011. Executive compensation, cut last year, will be trimmed again, bringing the two-year reduction to 10 percent
Streamlining production, through technology and other efforts, is expected to contribute to additional spending reductions. More…