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Business Briefing / Newspapers

McClatchy cuts 1,600 more jobs

March 10, 2009|Times Wire Reports

McClatchy Co. is shearing an additional 1,600 jobs in a cost-cutting spree that has clipped nearly one-third of the newspaper publisher's workforce in less than a year.

The latest reduction follows through on the Sacramento company's previously disclosed plans to lower its expenses by as much as $110 million over the next year.

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