New Round of Cuts at Papers

Two of the most respected U.S. newspaper publishers, The Washington Post Co and The New York Times Co, are embarking on new cost cuts in the face of dramatic declines in advertising revenue. The Times said it laid off 100 workers and is cutting non-union salaries. It is also asking unionized employees to accept similar concessions to avoid layoffs in the newsroom. The Post is offering a new round of buyouts to newsroom, production and circulation employees, and said it could not rule out laying off staff. In addition, The Atlanta Journal-Constitution reports on its Web site that it will slash its full-time news staff by about 90 people -- nearly 30% -- in its continued effort to lower costs and return to profitability.