Buffett's Newspaper Group Slashes 289 Jobs
- BH Media Group CEO Kroeger cites declining print readership
- ‘We need to cut our expenses,’ Kroeger writes in memo to staff
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Warren Buffett’s Berkshire Hathaway Inc. eliminated 289 jobs at its newspapers amid a decline in print readership and advertising revenue.
The cuts include 108 vacant positions, according to a memo Monday from Terry Kroeger, chief executive officer of BH Media Group. Some papers are also reducing the amount of pages they publish.