On Feb. 5, McClatchy announced plans to further reduce operating expenses as a result of the ongoing and unprecedented economic pressures and revenue declines. Today, McClatchy released additional information about these expense reductions. The press release is available on McClatchy’s corporate website.
Here at The News Tribune, we are experiencing advertising losses greater than any of us have ever seen in our history. As the economy declines, so do our revenues. We are still developing expense reduction plans to offset these losses, but the plans aren’t quite final. We understand how disruptive the last several weeks have been and how announcements by other McClatchy newspapers increase concerns about the future. We apologize for the delay, but want to make sure we carefully review every option before making final decisions. We anticipate communicating these decisions to you in the next week or so.
Our future success is dependent on the hard work you do every day. We know these repeated announcements and ongoing restructuring are difficult and disruptive, but we respectfully ask for your continued focus, even in these difficult circumstances.
Please contact your department manager or human resources if you have any questions.
An almost-identical email was sent to employees at The Olympian. Interesting coordination there.
UPDATE: Employees at The News & Observer got an identical email from their publisher.
UPDATE #2: And the Lexington Herald-Leader, too. Something is wrong when a communications company sends out form emails to employees.
UPDATE #3: Ditto Modesto Bee.
UPDATE #4: Add Anchorage Daily News to the list. According to a reader, the publisher signed the letter as if he wrote it.
Hat tip: comments