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Topic: Memos Sent to Romenesko
Date/Time: 4/23/2007 4:54:30 PM
Title: Chicago Tribune announces buyout program
Posted By: Jim Romenesko
 
If, based on your personal and career objectives, you want to be considered for voluntary separation benefits, you will find more information, including the complete list of eligible and ineligible positions, severance details, an application form, and the release and waiver agreement, at [Tribune's intranet]. We also encourage you to discuss your interest with your department head. Potential volunteers must submit an application to Human Resources no later than noon on Monday, May 14. Volunteers will be notified if their applications have been accepted no later than the end of May. We will also be making decisions on involuntary separations during this time. The number of these will depend in part on the number of employees who apply for the voluntary program and are accepted.

Key Growth Initiatives
We also must execute more successfully on our growth initiatives: building revenue, aggressively growing interactive, rejuvenating the reach and relationships of the core Chicago Tribune, and expanding our niche businesses.

Our solid progress on circulation and readership is evidence of how we are changing the newspaper every day to engage our audience in new ways. In interactive, the next generation of chicagotribune.com is on schedule for launch later this spring, as is the new version of Metromix. As you know, a weekend edition of RedEye will also be introduced soon, and last week we launched Triblocal, an online and print content service in the west and southwest suburbs that features content contributed by the community.

The Future
In addition to these initiatives, we are committed to taking bold steps to lead further transformation across all our media, here in Chicago and throughout the company. As the media marketplace changes at an unprecedented pace, so will we. But our fundamental mission and values will not. To repeat just a portion of the excellent editorial that ran the morning after the deal was announced:

"The Tribune isn't going anywhere but forward …The men and women whose work brings you each day’s Tribune are but temporary stewards of journalistic traditions, and values, that we trust will endure for another 60,000 mornings. The mission isn’t changing – and likely never will. The way it is fulfilled, though, has changed, expanding from printing press to radio, to television, to the Internet and, someday, to platforms we can’t yet imagine … and into businesses that not only survive, but thrive."

Thanks for your commitment to solve our challenges, both near term and longer term. To do so will require great talent, teamwork and a tremendous sense of urgency to act and achieve for the benefit of all we serve.

Best,
Scott

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