Entire newsroom offered buyouts

Forbes reports that The News & Observer, a McClatchy Co. newspaper in Raleigh, N.C., has offered voluntary buyouts to about 40 percent of the newspaper's employees, including the entire news staff. However, only a small percentage of the 320 employees who were offered buyouts is expected to accept them.
The move is the third cost-cutting effort by the newspaper in the last five months. The News & Observer offered similar voluntary buyouts to 230 employees in April and in June the paper laid 0ff 70 employees. In addition, a company-wide, one-year wage freeze was put into effect Monday.

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