The publisher of the financially struggling Chicago Tribune Media Group says the company plans to cut jobs, freeze wages and increase prices for home subscribers to help offset a decline in revenue.
A memo sent Friday to employees from president, publisher and chief executive Tony Hunter didn't give specifics on the number or kinds of jobs that would be affected.
Hunter calls the moves a response to a "very challenging, uncertain environment" and says "it doesn't look like there's any relief in sight."
The Chicago Tribune Media Group includes the Chicago Tribune, ChicagoTribune.com, RedEye, Hoy and Chicago Magazine. Its parent company, Chicago-based Tribune Co., filed for Chapter 11 bankruptcy protection in December amid multibillion-dollar debt and falling ad revenue.
Tribune Co. employs about 14,000 full-time workers and 2,450 part-timers, about 15% of whom are represented by unions and subject to collective bargaining agreements.
Last week, the company announced the elimination of 300 jobs at the Los Angeles Times. The company also decided to reduce the daily sections of that newspaper from five to four.