Bicoastal cutbacks

The New York Times Co. confirms what everybody knew, which is that the Boston Globe has been put up for sale. Additionally, the company wants to trim the payroll by 10 percent at two of its smaller papers, the Santa Rosa Press Democrat and Petaluma Argus Courier, both in California.

From Editor & Publisher:

The papers are seeking savings in salary reductions, buyout offers and possibly layoffs, the Press Democrat reported.

The Press Democrat employs 325 people and the move will affect all union and non-union staffers across all departments. The Argus Courier has 16 employees.

A 5% pay cut will go into effect Jan. 1 for managers while non-union employees will experience a 3% reduction in salary. This is in addition to the 2.5% cut instituted in March.

(via FishbowlLA and Romenesko)