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The publisher of the The Star-Ledger says the paper is on “life-support” and so making a large-scale buyout offer as it hopes to shed 200 jo…

imageThe publisher of the The Star-Ledger says the paper is on “life-support” and so making a large-scale buyout offer as it hopes to shed 200 jobs, the paper reported. The buyouts are aimed at non-union staffers. George Arwady, the Newark, NJ-based paper’s publisher, described the use of buyouts as a matter of survival for the paper. He issued a stark ultimatum: if the paper can’t get 200 employees to accept the offer, the paper will be sold. Arwady said that the employees have until Oct. 1 to either agree or reject the buyouts. The news comes amid an incessant string of bad financial news for newspapers, including layoffs this past month at the Atlanta-Journal Constitution, Tribune’s The Orlando Sentinel, and the Wall St. Journal. On top of that, looking across the past week

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  1. The problems at the Star Ledger are much deserved. Journalistic standards have been in decline there for year, it is one paper that rarely gets the story straight and it reads on a third grade level. Maybe it will be replaced by a publication of a higher order.

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