LA Times Looks to Cut Close to 80 Positions

“It’s the only way Jack will make his number,” insider within Tribune Publishing says about media company CEO Jack Griffin’s dilemma

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Los Angeles Times Media Group

Hot off the heels of firing its publisher Austin Beutner and several other high-profile executive departures, the Los Angeles Times is looking to cut about 80 additional positions.

The paper aims to trim editorial expenses by about $10 million, The Poynter Institute  reported.

The Times wouldn’t be the only Tribune Publishing property cutting jobs. “It’s the only way Jack [Griffin] will make his number,” an insider told Poynter, referring to Tribune CEO Jack Griffin and his efforts to salvage the company’s bottom line, as many of its properties have been negatively affected by dwindling newspaper sales and advertising.

Job reductions will initially come from buyout proposals, similar to the round of buyouts and layoffs that claimed about 100 positions at The New York Times at the end of 2014.

As TheWrap reported last week, three executives left the L.A. Times in 24 hours: senior vice president Nicco Mele, vice president of marketing and communications Johanna Maska and publisher Austin Beutner.

“We do not comment on rumor or speculation,” a Tribune spokesperson told TheWrap Tuesday.