Virginian-Pilot Considers Layoffs, Other Cost-Cutting Measures

 

NORFOLK, VA (November 10, 2008) – The president and publisher of The Virginian-Pilot said the newspaper and its affiliated companies are considering layoffs before the end of the year because of steep declines in advertising revenue.

"We have no sacred cows. Everything is on the table," Maurice Jones told Virginian-Pilot readers last week.

Possible moves include layoffs, raising the price of the newspaper, reducing page count, closing some of the businesses associated iwth the newspaper, and decreasing the circulation area.

Landmark Media Enterprises LLC owns the newspaper and is negotiating to sell The Pilot. Jones did not provide dollar figures for how much the paper has lost in 2008 but he said the losses are "significant."

 

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