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Tuesday, July 8, 2008

Palm Beach Newspapers Set to Cut 22% of Staff

The company that owns the Palm Beach Post plans to cut 300 jobs, or 22% of its work force, at four publications. Palm Beach Newspapers Inc. employs 1,350 at the Post, Palm Beach Daily News, Florida Pennysaver and La Palma. The publications are owned by Cox Newspapers, a subsidiary of closely help Cox Enterprises Inc. Post publisher Doug Franklin said a prolonged slump in advertising revenues, increased Internet competition and “an overall difficult economic environment” made the cuts necessary.