The Baltimore Sun Media Group Offers 45 More Buyouts

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The Baltimore Sun Media Group said Wednesday that it will offer buyouts to 45 employees from a variety of different departments at the Baltimore-based newspaper. The announcement comes as The Sun's newly-established Business Development Office is actively recruiting reporters for a new print publication targeting younger readers, to be launched in April.

Sun Publisher Tim Ryan wrote in a memo to Sun employees that a drop in Baltimore-area home sales and the announcement that Macy's department stores will cut 2,500 jobs are "clear signs that our retail advertisers are ... feeling the pinch."

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The Baltimore Sun Media Group Offers 45 More Buyouts

"Every day, media-watching websites report another newspaper or magazine that has had to reduce its staff," Ryan wrote. "The economy may not yet be in a recession, but it's clearly on th...

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