Amidst parent Tribune Co.'s struggle to emerge from bankruptcy protection, the Los Angeles Times said Friday it is cutting 300 positions and will shrink the number of daily sections to four from five.
The paper's publisher, Eddy Hartenstein, informed staff in a memo on Friday, explaining the cuts "are designed to help us deal with the economic realities of the day."
"Not a day goes by that we don't give our readers the latest news and analysis on the deepening troubles of the U.S. economy," Hartenstein wrote. "The same challenges that face the companies we report about also are affecting us."
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