By: Wayne Robins
The employee-owned Omaha (Neb.) World-Herald has 40 fewer “owners” after the newspaper carried out job cuts last week.
The trims, in a work force previously numbering about 800, came in all departments of the 214,651-weekday-circulation paper, said spokesman Charles A. Woods.
The paper cited declining advertising revenue, caused by the recession and the Sept. 11 terrorist attacks, as the reason for the reductions. Severance packages, including extended health insurance coverage, varied according to length of service.