By: E&P Staff
The Modesto (Calif.) Bee has joined the ranks of newspapers putting voluntary buyouts on the table — in this case, making the offer to more than 100 employees.
On Monday, the Bee offered one-quarter of its 455 employees buyout packages that include medical coverage and up to 26 weeks of pay, depending on tenure.
The Bee reported online today that President/Publisher Margaret Randazzo told the paper, ?We are managing through a challenging business environment and changing business model.?
As is often the case in such offerings, only a limited number of buyouts will be accepted from each division and not all who apply will be approved. Only reporters and ad sales representatives were not offered the packages. Editors, however, can take advantage of the buyouts.
Editor/Senior Vice President Mark Vasch? told the Bee the buyouts will affect only a ?very small? number of the newsroom?s 90-plus employees, and ?Our core mission is public service journalism. That remains our top priority.?
The Bee is owned by Sacramento-based McClatchy Co.