By: Robert Feder | robertfeder.com
It’s not clear how they’re supposed to do it, but Tribune Co. executives have been ordered to come up with $100 million in budget cuts, sources said, as the company prepares to spin off the publishing side of the business.
In a meeting with vice presidents of publishing units at Tribune Tower Wednesday, Tribune Co. CEO Peter Liguori directed them to begin drawing up plans immediately to hit the $100 million mark in savings. The cuts will start to be put into effect Dec. 1, sources said, and are expected to affect all areas of operation, including the newsrooms.
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