A memo to the Union-Tribune staff said cost reductions will be necessary at the newspaper. Buyouts will be offered to employees, including in the newsroom.
The majority owner of the Southern California News Group has bought the San Diego Union-Tribune from Los Angeles billionaireThe U-T purchase by investor Alden Global Capital, announced Monday, July 10, comes during turbulent times in the newspaper industry as audience and advertising are increasingly absorbed by search and social media companies.
A memo to the U-T staff announcing the deal said the Union-Tribune will need to “make some difficult staffing decisions as we assume management. Reductions will be necessary to offset the slowdown in revenues as economic headwinds continue to impact the media industry.
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