McClatchy to drop another 1,150 jobs
Selling ad network RealCities didn't earn newspaper publisher McClatchy enough to keep its current headcount. The Sacramento Bee publisher says it plans to cut another 1,150 jobs in addition to the 1,400 it said it would slash in June. Half the cuts will come through layoffs, the other half through buyouts and not replacing departing employees. McClatchy also halved its quarterly dividend. [FT]