The publisher of The Philadelphia Inquirer, the Daily News, and Philly.com has announced buyouts to cut 30 union jobs in the newsroom and other departments, the paper reported.
A number of nonunion positions will be cut as well, the paper reported.
“We wish we didn’t have to make these tough choices, but these are the economic realities of journalism in 2019,” Terrance C.Z. Egger, Philadelphia Media Network’s publisher and chief executive, said in a statement.
“Declines in revenue that have affected media companies of all sizes, including ours, require that we constantly adapt and adjust our expenses while also making strategic investments necessary for our future,” Egger said.
The buyout will be offered to around 140 employees, including 117 members of the NewsGuild of Greater Philadelphia, the company said.
The for-profit news organization is owned by the nonprofit Lenfest Institute for Journalism.