Sun-Times Media Group axes three more weeklies
By Erina Lin, Thursday 24 January 2008 at 21:19 :: Newspaper Data :: #1147 :: rss
The Sun-Times Media Group will terminate its three weeklies published in the Chicago area after next week. It is the latest move of its cost-cutting strategy under the way.
Tammy Chase, STMG Director of Investor Relations, confirmed the news to Editor & Publisher Wednesday. She said Jan. 30 will be the last publication date for The Skyline, the Booster and the News Star.
“There have been jobs eliminated related to the shuttering of these publications," said Chase, but STMG has not yet revealed the number of job cuts, according to E&P.
Earlier this month, STMG axed three Pioneer Press weeklies and eliminated 11 newsroom jobs. The Group said it has offered buyouts to union journalists at the Chicago Sun-Times, and intends to cut about 40 union and non-union positions.
According to the Chairman and CEO, STMG will chop $50 million in operating costs from the company by June, E&P reported.
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