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Job Cuts Loom for Los Angeles Times, Chicago Tribune as Tribune Co. Prepares to Trim 700 Newspaper Jobs

The cuts will affect the company's newspaper business.

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    The Tribune Co. — which owns the Chicago Tribune, the Los Angeles Times and six other daily newspapers — is cutting about 700 jobs, it said Wednesday.

    Tribune Co. says it's eliminating about 700 jobs as part of a restructuring of its newspaper business.

    Spokesman Gary Weitman says the cuts will take place over the next year. In addition to the Chicago Tribune, the Tribune Co. owns the Los Angeles Times and six other daily newspapers.

    The company's reporting staff won't be affected, but there will be small reductions in other editorial areas.

    The cuts account for about 6 percent of Tribune Co.'s workforce.

    The Chicago-based company emerged from a four-year stint under bankruptcy protection last December. In the months since, it has focused on boosting profitability at its broadcast division. It plans to spin off its publishing business by mid-2014.