Washington Post Launches Another Round Of Buyouts
WASHINGTON (AP) — The Washington Post is launching another round of buyouts — its fifth in the last decade — in its shrinking newsroom.
The Post’s executive editor, Marcus Brauchli, sent a memo to newsroom staff Wednesday outlining the plan. The Post reported that Brauchli told staff the buyouts would be capped at about four dozen in a newsroom of about 600. As recently as 2008, the newsroom had about 800 workers.
Brauchli said the paper needs to achieve “real savings” in the buyout, but said it would turn down volunteers whose departure would impair the quality of the paper’s journalism.
In its most recent earnings report, The Washington Post Co. reported a 9 percent drop in revenue from its newspaper publishing division. The Post Co. owns the Kaplan education company, a cable network and TV stations.
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