CDT Parent Company, McClatchy, Maligned
The Centre Daily Times announced on Thursday that it would be eliminating three positions and reducing all salaries over $25,000 by 2.5 percent to 5 percent.
Other cost reductions are planned, including reducing the width of the newspages by one inch, and reducing the number of comic strips in the daily newspaper.
McClatchy, the CDT’s parent company, is feeling the effects of Depression 2.0 in full force. In March, McClatchy announced that it would be eliminating a total of 1,500 jobs from its 30 newspaper properties.
Your ad blocker is on.
Please choose an option below.
Purchase a Subscription!
About the Author
Students once approved a Wally Triplett statue that Penn State’s bureaucracy prevented from ever coming to fruition.
Rednor is current a junior and the president of Zeta Tau Alpha sorority.
Send this to a friend