Lee Enterprises has decided to lay off another 18 St. Louisans who it employed at the Saint Louis Post-Dispatch. This is the fifth round of layoffs in the past two years under the management of Lee Enterprises.
The logic imparted to labor by Lee was the layoffs were needed due to "declining revenues". As has been written here previously, Lee took on too much debt when it bought the Post from Pulitzer Publishing several years ago. Add to that newspapers are experiencing rapid loss of circulation due to new media, and the Post is not going to get better. And Lee's management record at the Post has been to make bad decisions. The bean counters have vetoed the people who know the newspaper business.
To read the union take on the latest round of layoffs you may click here.
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