Stripping your local newsrooms of talented and well-sourced journalists, leaving the reporters who are left to cover a zillion different beats at once, is an odd way to say you’re “investing in journalism that is differentiated, consequential and difficult to replicate.”
NEW: Huge layoffs across McClatchy newspapers today, with some newsrooms gutted by a third. An internal email from management says consumer revenue has dipped 41% and "we cannot continue investing where subscriber interest does not support the investment"