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Washington Post closing U.S. bureaus
NEW YORK |
NEW YORK Nov 24 (Reuters) - The Washington Post (WPO.N) is closing its bureaus in Chicago, Los Angeles and New York as the money-losing newspaper retrenches to focus on politics and local news in the nation's capital.
"At a time of limited resources and increased competitive pressure, it's necessary to concentrate our journalistic firepower on our central mission of covering Washington and the news, trends and ideas that shape both the region and the countries politics, policies and government," the paper's top editor, Marcus Brauchli, wrote in a memo to employees that was obtained by Reuters.
The news comes after the Post told several employees at its website that they would be laid off too, and follows several rounds of buyouts in recent years.
The Post, like nearly every other U.S. newspaper, has been battered by falling advertising revenue and circulation as readers get more news online for free. (Reporting by Robert MacMillan) ((email@example.com; +1 646 223 6012; Reuters Messaging: firstname.lastname@example.org)) Click here to see Reuters MediaFile blog
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