CHICAGO – The owner of the Los Angeles Times, Chicago Tribune, Hartford Courant and other newspapers says it expects a buyout offer to cut its staff by 7 percent.
Tribune Publishing employees had to apply by Oct. 23. The company said in October that layoffs could follow the buyouts. Spokeswoman Dana Meyer declined to comment Thursday on how many employees took a buyout or how many employees it has. As of the end of December, it had 7,595 full- and part-time employees.
Revenues have been declining as newspaper readers and advertisers move online. Tribune was hit by an uproar after firing the LA Times publisher in early September. Prominent Los Angeles residents have called for local leadership at the paper.
Chicago-based Tribune Publishing Co. owns 11 major daily newspapers.
