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LA Times to Cut 250 Jobs
In another round of job cuts for the LA Times, the paper announced today the planned sacking of 250 jobs across the company which includes 150 editorial ones. The paper will also reduce the number pages it prints by 15%. This is due to a declining revenue, some which is blamed on the internet (which is also a blessing, depending on how you look at it). "You all know the paradox we find ourselves in," Times Editor Russ Stanton said in a memo to the staff. "Thanks to the Internet, we have more readers for our great journalism than at any time in our history. But also thanks to the Internet, our advertisers have more choices, and we have less money."