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The Reading Eagle’s Downfall

The Reading Eagle’s Downfall

The Reading Eagle Company’s current owners have revealed plans to cut about one-third of the newspaper publisher’s workers.

MediaNews Group plans to chop 81 of the Reading Eagle’s more significant than 200 jobs when it finalizes its $5-million buy of the corporate on June 30, in response to an up to date WARN discover posted on the Pennsylvania Department of Labor & Industry’s website.

MediaNews Group, the lone certified bidder for the Reading Eagle, has not publicly recognized the positions reduced, however, one of many jobs lost is of the editor, Garry Lenton, who announced his leave in a column posted on the website of the Reading Eagle’s.

“My tenure came during a Challenging time in the newspaper’s historical past, as the company struggled to meet the goals of a changing market and powerful competition for marketing dollars from online sources,” wrote Lenton.

The household-owned Reading Eagle Company had 236 full-time and 20 half-time staff when it filed for bankruptcy protection on March 20.

MediaNews Group, higher often known as Digital First Media, has a popularity for deep cost-cutting throughout the struggling newspapers it has bought. It has not mentioned whether or not it plans to chop other jobs after its purchase of the Reading Eagle Firm is complete.

The Reading Eagle additionally owns weekly newspaper South Schuylkill News and Reading-primarily based WEEU 830 AM. The radio station’s FCC license is offered individually.

MediaNews Group, headquartered in Denver, Colorado, additionally owns the Pottstown Mercury, the Lansdale Reporter, and BerksMont News, a cluster of weekly newspapers serving Berks and Montgomery counties.

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Matthew Galbraith