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Tribune Co. announces restructuring, will cut nearly 700 jobs
Tribune Co. announces restructuring, will cut nearly 700 jobs

Tribune Co., the parent of the Los Angeles Times, on Wednesday unveiled a restructuring plan that will slash nearly 700 jobs over the next year. The 6% staff reduction will come primarily from the company’s beleaguered newspaper unit, but will largely involve operations personnel rather than reporters and editors at its eight daily papers, Peter Liguori, Tribune’s chief executive, said in an interview.  The restructuring is intended to help Tribune withstand the ongoing decline in print advertising, which traditionally has been the lifeblood of the newspaper industry. “Over time, there will be some small reductions in editorial staff, but the majority of these...

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