Tribune Publishing to Offer Buyouts After Annapolis Newsroom Shooting Losses

Leah Millis/Reuters

Tribune Publishing will be offering buyouts to employees after sustaining losses in the third quarter it partially attributed to the “costs” following the shooting of Annapolis’ The Capital newsroom, The Virginian-Pilot reports. The company—which owns The Virginian-PilotThe Baltimore SunChicago Tribune, and other newspapers—recorded a net loss of $4.2 million in its most recent earnings statement, which attributed “all” of it to newsprint tariffs and the costs incurred by the company after a gunman killed five in The Capital’s newsroom in June. “Based on the ongoing trends in our industry, we need to make some difficult decisions to align our costs with revenue trends,” Tribune’s human resources director wrote in a memo distributed to newspaper managers.

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SOURCE: The Daily Beast