Layoffs and a review of the print edition are imminent at The Salt Lake Tribune, owner Paul Huntsman announced May 8.
Huntsman, who bought the paper from Digital First Media in 2016, said that since that time the paper has seen a 40 percent drop in ad revenues and a shrinking weekday print circulation, from 85,000 four years ago to fewer than 31,000 now.
Huntsman said he had covered the drop since last fall, but said the conditions were "not sustainable," the paper reported.
The Tribune newsroom has 90 reporters, editors, photographers and support staff. Huntsman has not specified how many layoffs will happen.
In 2020, a joint operating agreement with the Mormon church-owned Deseret News will end, which will affect decisions, Huntsman said.
Huntsman told the paper that The Tribune’s business model may change after 2020, and the paper may perhaps become a not-for-profit. "I would love to keep putting out a print edition," he said.