LAS VEGAS (AP) — The parent company of the Las Vegas Sun says it's laying off 12 employees as it struggles with the recession and an evolving media landscape.
Greenspun Media Group President and CEO Brian Greenspun said Thursday the company's joint operating agreement with the Las Vegas Review-Journal exposes it to that newspaper's fortunes. The Review-Journal has had two rounds of layoffs this year.
The newspapers are delivered together. The Sun says (http://bit.ly/mXQ1Yv) it draws most of its revenue from the Review-Journal as part of the agreement.
Greenspun says the company is trying to diversify but progress has been slow. He says the family-owned media group must operate more like an innovative startup than an entrenched newspaper.
Greenspun Media Group also publishes magazines and an alternative weekly and runs travel destination website Vegas.com.
Information from: Las Vegas Sun, http://www.lasvegassun.com