Chicago Sun-Times to lose 20% of staff after buyout offer
Thirty employees of the Chicago Sun-Times — around 1 in 5 on its payroll — have agreed to resign under buyout terms the paper’s nonprofit ownership offered in hopes of stanching persistent financial deficits.
Related Knowledge Center: State of the business model
The traditional journalism business model has long since collapsed, and news organizations have shrunk or disappeared entirely. While a number of promising experiments are under way, the public has not shown a willingness to buy what news organizations are selling.
Related Knowledge Center: Local media
The hollowing out of the local news ecosystem has been well documented; in some communities, efforts are underway to reverse the growing news desert.