Pressed enterprise

The Belo Corporation, parent of the Dallas Morning News and our own Press-Enterprise in Riverside, announced today that it will cut 14 percent of its workforce as part of a plan to bolster its flagging bottom line. The company will first offer buyout packages and then turn to "involuntary layoffs" to meet its goals.

It remains unclear exactly how many jobs are on the line at the PE. Employees have been asked to attend a meeting tonight at 6:30.