Washington Post Offers 5th Round Of Buyouts In 10 Years
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WASHINGTON (CBSDC/AP) — The Washington Post is launching another round of buyouts — its fifth in the last decade — in its shrinking newsroom.
The Post’s executive editor, Marcus Brauchli, sent a memo to newsroom staff Wednesday outlining the plan. He did not say how many buyouts he hopes to garner in the 600-person newsroom. Post spokeswoman Kris Coratti said she had no information on how many buyouts were anticipated.
“[W]e do not intend to offer this program to every department or individual in the Newsroom,” the memo read. “The reality is that we’re able to absorb staffing changes better in some areas than in others.”
Brauchli said the paper needs to achieve “real savings” in the buyout, but said it would turn down volunteers whose departure would impair the quality of the paper’s journalism.
In its most recent earnings report, The Washington Post Co. reported a 9 percent drop in revenue from its newspaper publishing division. The Post Co. owns the Kaplan education company, a cable network and TV stations.
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