UPI to Cut Staff but Retain 24-Hr. Service
Associated Press
ALEXANDRIA, Va. —
United Press International will continue as a 24-hour-a-day worldwide wire service and will reduce its staff and seek joint ventures with other companies, the firm’s new owners said today.
UPI Chairman Earl W. Brian and President Paul Steinle, who took over last month, said they were committed to seeing the 81-year-old wire service, which is losing $2 million a month, survive into the 21st Century. To accomplish these goals, UPI will lay off as many as 150 staffers, but less than 100 of those will be from the editorial side.
