Crain's Chicago Business
The Chicago Tribune's 2014 plans "will include cost reductions to offset revenue declines and investments in growth opportunities," Lynne Marek reports Publisher Tony Hunter told staff in a memo.
The Baltimore Sun, which like The Chicago Tribune is owned by Tribune Co., "last week eliminated seven people in advertising management jobs," Marek reports. "Employees in the newsroom at that paper weren't affected by the cuts," Marek says.
In circulation figures released Thursday, the Tribune reported a 5 percent rise in total average Sunday circulation and a 10 percent rise in total average weekday circulation. The Sun reported a drop of 5 percent in average Sunday circulation and a 2 percent rise in total average weekday circulation.
Here's Hunter's memo: