Twenty-five veteran employees at the Daily Press (Newport News, VA) will leave their jobs within the next few weeks. No details on the buyout severance package.
Some will be replaced and others will not. The move is part of an effort to cut $1 million worth of annual expenses. Some of these savings will be invested in new areas as the newspaper tries to diversify its sagging core business.Core business being the print product. Tribune continues to slash costs and redirect its resources to the Internet. At least in Newport News, the number of reporters will remain the same though no doubt the jobs will require different skill sets.