More than 100 Modesto Bee employees were offered voluntary buyouts on Monday. The paper’s publisher says not all applicants will be approved, with each division having a limited number of buyouts. Ad sales reps and reporters will be exempt.
An article printed in the Bee quotes editor and Sr. VP Mark Vasché saying the buyouts will affect a small number of the newsroom’s 90-plus employees.
I read about this.
I found it covered in the Sac Biz Journal.
http://sacramento.bizjournals.com/sacramento/stories/2008/04/14/daily31.html
2008 is set to be worse than 2007 for the newspaper industry as a whole.