TRIB TOTAL MEDIA ANNOUNCES A NEW ROUND OF STRATEGIC MOVES
September 28, 2016
PITTSBURGH ‐ September 28, 2016 ‐ Trib Total Media (TTM) today announced broad based restructuring plans that will reemphasize local news in its key markets while moving toward a digital future for its Allegheny County news coverage.
Print versions of the company's Westmoreland and Valley News Dispatch editions will continue with significant increases in resources to bolster the local news and sports coverage that have made those publications successful.
The Pittsburgh edition of the Tribune-Review will become an online-only publication effective December 1, 2016. "Our commitment to covering news in Pittsburgh and Allegheny County will not change," said Jennifer Bertetto, president and CEO of Trib Total Media. "The Pittsburgh print edition will be replaced with a free online e-edition that will include all the quality news and sports coverage readers have come to expect."
The company also will consolidate printing at its Three Rivers Print Source facility in Tarentum.
These moves require laying off 106 full and part-time staff members. Affected employees will be notified today.
For the past two and a half years, the TTM Board of Directors has been engaged in a strategic review of the company to better position it for the future and to meet the changing needs of its readers. Initiatives over the past year have included the sale and consolidation of several daily and weekly newspapers, the closing of a redundant printing facility, employee buyouts and investments in the company's digital offerings.
"The changes that we embraced last fall were critical to the strategic plan. While difficult, they allowed us to drastically improve the financial health of the company and to test the assumptions upon which the plan was based," Bertetto said. "These changes also allowed us time to focus on the Trib's future in the context of our industry's rapidly evolving landscape. During this process, we learned a lot about our company, our industry and our readers."
TTM is expressing great confidence in its digital products. "The digital landscape has dramatically altered how consumers get their news and it was critical that we evolved as a company to deliver the news where, when, and how our readers would like to receive it," Bertetto said. "We will continue developing digital, mobile-friendly resources through our affiliate 535 Media that bring our readers news in real-time on our primary news website triblive.com."
ertetto said the company is also looking to enhance TribLIVE.com's video, photography and interactive offerings.
"While many of the decisions we've had to make have been difficult, it is our responsibility to build a sustainable path forward for Trib Total Media for the good of all of our readers, advertisers and employees," Bertetto said.