- The Washington Times - Tuesday, March 17, 2009

BRIDGEPORT, CONN. (AP) - Hearst Corp. says that 48 of its Connecticut newspaper employees are accepting buyouts as part of a move to cut costs by 20 percent.

Word of the buyouts is in a letter sent Monday to employees of the Connecticut Post, News-Times of Danbury, The Advocate of Stamford, Greenwich Time and the Brooks Community Newspapers.

Hearst Newspaper Group Publisher Mark Aldam says buyouts are necessary because of the deepening recession and a significant deterioration in business conditions.

Aldam says most of the people accepting the voluntary buyout plan will be leaving the company within two to four weeks.

Hearst employs about 700 people in the state.

The buyouts come as Hearst ends the print edition of its Seattle Post-Intelligencer. After Tuesday’s edition, the P-I will now shift entirely to the Web.



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