In a brief attributed to business writer Jack Katzanek online late Friday and in print on Saturday, The Press-Enterprise reports it laid off some 40 workers last week, more than half in the news department, due to a precipitous decline in ad revenues. Ron Redfern, chief executive officer and publisher, stated:"Like every company in our business, we continue to see revenues erode, and the corporation has seen revenues erode considerably. The determination was made we had to make cuts across the board."
The brief indicated this was the second round of layoffs at The Press-Enterprise in less than five months. About 30 employees were laid off in October after about 120 previously took voluntary buyouts. Redfern said future decisions on staffing levels would be on a month-to-month basis.
Veteran newsman/blogger Gary Scott lists the departed.
This after Dallas-based parent company A. H. Belo Corp. CEO Robert Decherd was awarded a raise in base salary from $250,000 to $600,000 in December. MORE>>
image: The Press-Enterprise
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