Tribune To Cut Costs By $100 Million

http://www.mediapost.com/publications/article/210166/tribune-to-cut-costs-by-100-million.html#axzz2gPQr95jr

With its newspapers on the auction block, Tribune Co. is ordering its publishing division to slash their budgets by $100 million, according to Chicago media watcher Robert Feder, who first reported the news. The move is probably intended to make the publications more attractive to potential buyers.
Tribune CEO Peter Liguori issued the order during a meeting with the heads of the company’s publishing units on Wednesday, per Feder, citing sources familiar with the plan. The cuts will hit all parts of the publishing division, including newsrooms, and are scheduled to take effect beginning in December.