Buyouts offered, fundamental changes cited (updated)
The Modesto Bee, a part of the McClatchy chain, offered voluntary buyouts to about 100 employees.
From the paper's own report: Mark Vasché, editor and senior vice president of The Bee, said the buyouts will affect a "very small" number of the newsroom's 90-plus employees and thus should have a minimal impact on readers.
McClatchy has seen ad revenue plummet in recent years. I wonder if what is happening in Modesto is a sign of things to come at the company's other papers, namely the Sacramento Bee* and Fresno Bee?
*Doh. I should have done a little more research. Turns out the Sacrament Bee already did offer buyouts... last month. Thanks to the alert eye of LJ Phillips for setting me straight.