Make us your home page

New owners of Tampa Tribune institute pay cuts, buyout program

Two weeks after taking control, the new California owners of the Tampa Tribune announced cost-cutting measures at the newspaper, including pay cuts and a voluntary severance program.

A call to the Tribune's office Monday was directed to publisher William Barker, who could not be reached directly. However, a memo from him to Tribune employees posted on media blog on Monday afternoon, said eligible staffers have until Friday to apply for the severance package. Senior management will let them know if they qualify by Nov. 2.

"In addition to the severance program to help us re-align costs to revenue, we will also be adjusting individual pay rates, effective immediately," the memo read. "... I will meet with your departments this week to answer additional questions and explain in detail why this is important and necessary."

Revolution Capital Group, a Los Angeles private equity investment firm, bought the Tribune from Media General for $9.5 million. A spokesman for Revolution Capital could not be reached for comment Monday morning.

In December, Media General laid off 165 staffers at the Tribune and smaller publications it owned in Tampa, leaving it with 675 employees in print operations here. When ownership was transferred to Revolution Capital, the newly named Tampa Media Group (which includes some smaller publications in addition to the Tribune) had 618 employees.

New owners of Tampa Tribune institute pay cuts, buyout program 10/22/12 [Last modified: Monday, October 22, 2012 6:50pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times


Join the discussion: Click to view comments, add yours

  1. Rep. Larry Ahern gets roughed up by Clearwater City Council

    State Roundup

    It seemed innocuous enough: an "end of session report" from state Rep. Larry Ahern, R-Seminole, to the Clearwater City Council.

    Then Ahern got taken to the woodshed.

    Rep. Larry Ahern is vying for a seat on the Pinellas commission.
  2. There's a bar in Tampa where you can roller skate and eat sushi

    Food & Dining

    Roller skating, it's not just for kids birthday parties and the 1970s anymore.

    The exterior of Pattinis features this mural by Art Aliens! [Pattinis South Tampa via Facebook]
  3. Lockdown: Florida's 97,000 prison inmates confined through weekend

    State Roundup

    All of Florida's 97,000 state prison inmates are on lockdown — and will remain confined to their dorms at least through the weekend — in response to unspecified threats about possible uprisings, officials from the Florida Department of Corrections confirmed Thursday.

    Blackwater River Correctional Facility. [Florida Department of Corrections]
  4. Carnival announces five more cruises from Tampa to Cuba


    TAMPA — Carnival Cruise Line is adding five more cruises from Tampa to Cuba in 2018, Port Tampa Bay announced Thursday.

      Carnival Cruise Line announced additional cruises to  Cuba. Pictured is its Paradise cruise ship departing on its inaugural voyage to Cuba from Tampa. | [MONICA HERNDON | Times]
  5. Engage Behavioral Health expands into Wesley Chapel


    On Aug. 5, Engage Behavioral Health celebrated the grand opening of a new clinic in Wesley Chapel.

    hillsevbiz081117: Jennifer Phelps is the CEO & Founder of Engage Behavioral Health. Photo courtesy of Engage Behavioral Health.