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Reading Eagle says 81 job cuts will come with impending sale

With the impending sale of the Reading Eagle Co. to Media News Group of Denver, the company has issued a notice that calls for the elimination of 81 jobs effective June 30 – the day the sale is expected to be complete.

In May, MediaNews, a multiplatform news and information company, was the sole qualified bidder for the Reading-based media firm, which filed bankruptcy in March of this year.

MediaNews, which also goes by the name Digital First Media, operates about 200 publications around the country, including the Pottstown Mercury and Berks-Mont News.

The Reading Eagle Co. is the parent company of the Reading Eagle newspaper and radio station WEEU AM 830. It also owns a commercial printer, a marketing company and a weekly newspaper.

The company has a total of 221 employees. A WARN Act notice had been put out last month that gave the possibility all positions could be eliminated in the event a buyer wasn’t found. WARN stands for Worker Adjustment and Retraining Notification.

The 81 jobs represents just under a third of the company’s staff.

Writer Stacy Wescoe has her finger on the pulse of the business community in the Greater Lehigh Valley and keeps you up-to-date with technology and trends, plus what coworkers and competitors are talking about around the water cooler — and on social media. She can be reached at [email protected] or 610-807-9619, ext. 4104. Follow her on Twitter and on Facebook.

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