The News & Observer will eliminate about 20 jobs in the latest cost-cutting effort by the Raleigh-based media company.
The staff reductions announced today will affect most areas of the company, including the newsroom. Some employees will have the opportunity to accept voluntary severance packages, but a few positions will be eliminated through layoffs.
The newspaper publisher continues to see declines in print advertising revenue, mirroring similar trends nationwide. Online ad revenue is increasing, but is still a smaller part of the total.
"Although our declines are not as steep as they have been in previous years, revenue trends remain negative year-over-year," publisher Orage Quarles III wrote in a memo to employees this morning. "As a result, we must continue to look for ways to offset this trend by managing expenses.
"We understand how difficult this message is to receive given other reduction programs we have done over the last few years," he wrote. "However, we are working hard to implement new products and improve our revenue performance to help us navigate through these difficult times."