Charlotte Observer offers buyouts

The Charlotte Observer will offer voluntary buyouts, a move that will allow the newspaper to trim staff and battle against declining advertising revenue.
Officials said between 25 to 35 people could be given buyouts. With the buyouts, the company wants to cut its work force by less than 5 percent.
"We regret that we must say goodbye to some trusted and valued colleagues," Publisher Ann Caulkins said in a note to employees. "But for the long-term future of the company," she added, "it is important that we respond to current market conditions."
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