Weak economy leads Charlotte paper to cut 26 jobs

AP News
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Posted: May 09, 2011 12:30 PM
Weak economy leads Charlotte paper to cut 26 jobs

The Charlotte Observer says it will cut 26 employees as the newspaper continues to battle slumping advertising revenues because of the shaky economy.

The newspaper reported on its website Monday the cuts are spread throughout the paper, with four jobs lost in the newsroom. Publisher Ann Caulkins says the company also is freezing 25 vacant positions.

Caulkins says local advertising has improved. But national accounts are still weak, and she says it's difficult to predict when those sales will rebound.

The Charlotte Observer is part of McClatchy Co., based in Sacramento, Calif. McClatchy also publishes The News & Observer of Raleigh and five newspapers in South Carolina.

The News & Observer announced it was cutting 20 jobs across the staff for the same economic reasons about two weeks ago.