clipped from biz.yahoo.com LA Times to cut 250 jobs, including 150 news jobs By Ryan Nakashima, AP Business Writer LA Times to cut 250 positions, merge print and online departments, print 15 percent less pages LOS ANGELES (AP) -- The Los Angeles Times plans to cut 250 positions, including 150 jobs in the print and online news departments, amid a continuing industrywide slump in ad sales, the paper's editor said Wednesday. The decline in advertising, fueled by a weak real estate market, has boosted the copy-to-ads ratio above the industry target of 50-50, giving readers more stories than they can digest, while the paper competes for attention with the Internet and TV, editor Russ Stanton said.
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Thursday, July 03, 2008
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