The Moonie-owned Washington Times today issued all 370 employees a WARN Act notice, which is required 60 days in advance of layoffs that involve 100 or more people. Michael Calderone reports that the paper will be shedding around 40% of its staff. In the press release, though, this devastating cut is just a part of a bold "transformation into a 21st century media company." In that the future of media in the 21st century does not involve drawing a paycheck, yes, this is accurate. In every other way, the release is a lie.