Media General Gives Pink Slips to 75 Employees
Posted: 8/1/2012 | By: Jim Romenesko | JimRomenesko.com
Media General — “smaller, more focused” after selling its newspapers (but for the Tampa Tribune) to Warren Buffett — is dismissing 75 employees today. CEO Marshall Morton tells his staff:
When we sold our newspapers last month, we changed from a company with revenues of $616 million in 2011 and approximately 4,000 employees to one that will have revenues this year of about $350 million and about 1,400 employees working at our television stations.