Comment on McClatchy furloughs ad salespeople, lays off executives, cuts CEO's pay

McClatchy furloughs ad salespeople, lays off executives, cuts CEO's pay

Sacramento-based publisher The McClatchy Co. is furloughing about 115 employees at 30 newspapers across the country to cut costs during a period of slow ad sales due to the pandemic. Nearly all the furloughs will be in advertising departments, and no news positions are being furloughed, said McClatchy (AMEX: MNI) spokeswoman Jeanne Segal.

 

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