Monterey Herald cuts workforce by 5%

The 34,000-circulation Monterey County Hearld, operated by Dean Singleton’s MediaNews Group, has announced that it cut seven full-time jobs and one part-time position, spread across various departments within the paper, reducing its workforce by about 5 percent. The paper did not disclose the number of newsroom jobs affected. “Like many businesses in transition, we are forced to make difficult economic choices. The small reduction in workforce is aimed at trimming costs amid a downturn in the newspaper industry,” said Publisher

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UPDATE: DOJ clears way for newspaper sale

The U.S. Department of Justice’s antitrust division today (July 31) approved the sale of the Mercury News, Contra Costa Times, Monterey Hearld and St. Paul (Minn.) Pioneer Press to MediaNews Group in a $1 billion deal partially financed by the Hearst Corp., according to the AP and Reuters. “After a careful investigation…the antitrust division determined that the transaction if not likely to reduce competition substantially,” the Justice Department said in a statement. McClatchy Co., owner of the Sacramento Bee, bought

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