The ax is about to drop at newspapers owned by the Tribune Company, according to a report by the firm's own Los Angeles Times
The Times says the company, which also owns The Chicago Tribune, Baltimore Sun, Hartford Courant, Orlando Sentinel, and South Florida Sun Sentinel, "is reviewing operations in an effort that will likely result in staff reductions."
Tribune is separating its newspapers from the company's other assets to focus on the more profitable television and Internet properties, the report said.
"We’re in the process, as we are every year at this time, of looking at the budgets for all of our businesses," Tribune spokesman Gary Weitman told The Times.
"Everything is on the table. We’re looking at how to put our publishing businesses on the best possible footing for the long term."
But Weitman denied one report that the company is looking to find $100 million in savings. He told the Chicago Tribune's cross-town rival the Chicago Sun-Times
, "No targets for expense reductions have been set."
Since 2010, the company has cut about 2,200 jobs, and currently employs about 11,500 workers.
© 2015 Newsmax. All rights reserved.