The Los Angeles Times today announced plans to cut 250 positions across the company, including 150 positions in editorial that amount to 17% of newsroom jobs, according to a story on the paper's Web site, which described it as "a new effort to bring expenses into line with declining revenue. In a further cost-cutting step, the paper will reduce the number of pages it publishes each week by 15%."

"You all know the paradox we find ourselves in," Times Editor Russ Stanton said in a memo to the staff. "Thanks to the Internet, we have more readers for our great journalism than at any time in our history. But also thanks to the Internet, our advertisers have more choices, and we have less money."

"The cuts reflect conditions across the newspaper industry, which is confronting sharply deteriorating print advertising revenues," the story added. "Although online ad revenues are rising, they have not made up for the losses. Amid the current nationwide economic slowdown, the prospects are for continued revenue shrinkage through the end of this year."

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