Chicago Public Media offers buyouts to cut costs, potentially reducing staff by 20 to 30 employees.

Chicago Public Media, owner of the Chicago Sun-Times and WBEZ, is offering voluntary buyouts to reduce costs and ensure financial stability. The buyouts could save the company $3 million to $5 million annually and result in 20 to 30 employees leaving. The move aims to align the organization's size with its goals and secure the future of local journalism amid declining traditional revenue sources.

2 months ago
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