Newark's Star-Ledger to cut staff by 40 percent

The New York Times reports New Jersey's The Star-Ledger plans to lay off 40 percent of its newsroom staff by the end of 2008. The cut will be "one of the largest reductions in a single move by a major American paper." About 150 of the 330 newsroom employees will be offered buyouts.
Advance Publications, which owns the paper, said declines in ad revenue have put The Star-Ledger "on track to lose about $40 million this year."
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