Mercury News cuts 101, as advertising income plummets
The Mercury News is laying off 101 people by the end of the year, including 40 people in the news room, or a sixth of the newspaper’s 240 news gatherers, editors and other editorial staff.
The decision, announced today, comes after a surprisingly large decline of $1.7 million in advertising over the past month, compared to the same month the year before. That’s an acceleration of the hemorrhaging. April saw a decline of $500,000 compared to… Continue Reading