The Day newspaper plans to offer employees an early retirement package to cut costs while it builds a new interactive media division.
The newspaper also is closing its Norwich bureau and has discontinued its northern edition. The company said it is aiming for a 10 percent cut in salary budgets for each division.
“We need to evolve into a full-service interactive information company and invest in those emerging opportunities,” Publisher Gary Farrugia said.
Farrugia told employees Monday that changes reflect a national trend among newspapers and other mainstream media outlets competing against online resources, from 24-hour news sites to classified advertising and entertainment listings.
Employees age 50 or older with at least 20 years of service are eligible for the early retirement offer and 32 workers meet the criteria, Farrugia said. He said there would be a modest reduction of jobs.
The 125-year-old newspaper has a circulation of about 37,500 daily and about 44,000 on Sunday. Its Web site draws an average of 20,000 daily readers, Farrugia said.
the company oversees eight weekly newspapers, a custom publications division, an online division and operating a commercial printing division. The company also has an equity stake in Madison-based Shore Publishing, which puts out seven weeklies west of the Connecticut River and will take over ownership of the Shore operation in January 2008.