Bill Adee to head Tribune Digital, company announces it will cut ‘nearly’ 700 positions
Thanks to Robert Feder and Jim Romenesko, the Chicago media market is fairly well covered. The big news today is that The Tribune Company will be cutting “nearly” 700 positions beginning tomorrow.
The layoffs come on the heels of a denial by the company that it was looking to save a huge amount of money in next year’s budget – again, something originally reported by Feder in September.
With the staff reductions will come some major reorganization, as well. Bill Adee will be leading a new digital team. Bob Fleck, who is veep of advertising at the Chicago Tribune moves up to become executive vice president of advertising for Tribune Publishing.
“Going forward, it is especially important that we invest more concertedly in our digital areas so we can get ahead of the quickly evolving, digital needs of our readers,” the Trib’s CEO Peter Liguori wrote in a memo. “We have appointed Bill Adee to lead a new team of people charged with authoring Tribune Publishing’s digital future”
It is hard for me to read the tea leaves as I have not worked at the company, and have actually been out of the newspaper game for a while now. But the moves can only be about one of two things: a sale, or simply positioning for the spinoff of the publishing division. I think it would be the latter as moves like these are often done without much fanfare prior to the creation of the black book, not afterwards.
Tribune Co. reorganizes publishing unit, cutting nearly 700 jobs – Robert Channick, Chicago Tribune
Stop the presses: Layoffs hit Tribune – Robert Feder
Tribune Publishing Restructuring Eliminates 700 Jobs – Jim Romenesko