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Topic: Miscellaneous items
Date/Time: 9/29/2006 4:30:45 PM
Title: Orange County Register to reduce workforce
Posted By: Jim Romenesko
 
Posted on Orange County Register's intranet on Friday, September 29

September 29, 2006 – Chris Anderson, CEO and president of Freedom Orange County Information, today announced that FOCI will reduce its workforce through a voluntary severance plan.

"Along with almost every other metropolitan newspaper, The Orange County Register has suffered declines in advertising revenues in recent months. Unfortunately, we don't see a quick turnaround in the loss of this advertising in key categories," said Anderson. "We are diversifying our product portfolio and showing some growth, but is not enough to overcome the revenue shortfalls. That means we must carefully reduce expenses, and one of the actions we are taking is the voluntary severance plan."

Supervisors will have details of the plan to share with eligible associates today.

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