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Nine Take ProJo Buyouts

Nine Providence Journal employees have taken buyouts offered by the newspaper. The official announcement is to come Monday.

The paper was looking to shed eight employees - one reporter, one copy editor, one photographer, one editorial assistant, and four advertising representatives. If fewer than eight had taken the buyouts, the Journal was prepared to lay off staffers.

The buyouts come after a wave of staff cuts in 2008 and 2009 amid declining advertising revenue.

Richard Decherd, CEO of the Journal's Dallas-based parent company A.H. Belo, said in a recent conference call with investors and analysts that he expects the the paper's advertising decline to level off in the near future.

The most recent staff cuts come as the paper prepares to charge for its new web site, providencejournal.com, in what is widely seen as an effort to drive readers back to its more profitable print product - or, at least, to slow the decline in circulation.

The paper's weekday circulation dropped 7 percent to 90,085 for the six months ending September 30, acording to the Audit Bureau of Circulations.  

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