Tribune Co., parent of the Los Angeles Times, is examining its operations in an effort that is likely to result in staff reductions at the company's daily newspapers.
The company acknowledged a cost-cutting review is underway after Chicago business blogger Robert Feder wrote late Thursday that Tribune may slash as much as $100 million in expenses from its eight daily newspapers.
A Tribune spokesman called Feder's report "grossly inaccurate" and said the company has not set an expense reduction target. Tribune's budget analysis comes as it prepares to spin off its newspapers into a separate entity.
"Everything is on the table, as it is every year,"...