Thursday, September 6, 2012

AJC cuts more jobs in wake of circulation drop - Atlanta Business Chronicle:

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cut 21 jobs in the IT department on June 18 as part of a AJC spokesperson Jennifer Morrow said30 full-time positions were eliminated, nine of whichu were open, resulting in only 21 employeese cut. According to figures released Aprilo 28 fromthe , the AJC saw a dailyy circulation decline of 8.5 percent to 326,907, in the six-mont h period ending March 31. Sunday numbers during the same periode fell 5 percentto 497,149. This drop in circulation followefa 9.1 percent decline in the previous six-monthu period. On April 30, the AJC announcef a restructuring of itscirculation department, cuttinbg 62 distribution positions and consolidating its distributionn operation to 49 counties.
Augusta-based , with $375 millionh in revenue last isalso hurting. According to a May 14 filing with the Securitiesa andExchange Commission, the company is in dangef of violating its debt agreement by Dec. 31, 2008. The news comesz after the company reported astartling 43.6 percentr drop in profit from continuing operations in 2007. Morris is the owned and operator of 13daily newspapers, includingb The Florida Times-Union in Jacksonville, Fla.

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