Apr 15, 2008

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.


LJPhillips said...

The Sacramento Bee offered buyouts to its 1400 employees last month.

"At the end we expect that less than 2 percent of our work force would be approved to participate in the program," said Ed Canale, the paper's vice president for business development.


Gary Scott said...


joseph hollak said...

I saw the offer reported in the Sac Biz Jrnl.

The buy-out offer is voluntary...for now.

The NY Times turned their voluntary buy-out earlier this year into a forced lay-off.

If the MoBee's offer isn't popular and it fails to cut enough from the payroll, the buyouts will turn to lay-offs.

Anonymous said...

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