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The Guardian - UK
The Guardian - UK
Business
Roy Greenslade

Savage cuts by McClatchy

McClatchy, the third largest US newspaper publisher, is to cut 15% of its staff, or 1,600 jobs, to deal with an "unprecedented deterioration in revenues". The publisher of 30 dailies, including the Miami Herald and the Sacramento Bee, aims to save $110m (£76m) in costs. Executives are taking pay cuts, and no bonuses will be paid to them. (Sources: FT.com/New York Times)

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