St. Louis Post-Dispatch lays off four news managers, more cuts coming

Lee-owned St. Louis Post-Dispatch laid off four news managers late Thursday and, a tipster reports, “we have intel that the total layoffs could grow to a final number of 20+ people on Friday.” (A second tipster says the four were called at home with the news after working their night shifts.)

The layoffs came one day after Lee CEO Mary Junck acquired 500,000 shares of the newspaper chain’s stock for the grand total of zero dollars. (Lee shares closed at $1.30 on Thursday.)

Post-Dispatch and other Lee employees: please send me updates at Jim@JimRomenesko.com.

* Post-Dispatch lays off 4 managers, more layoffs expected (Storify.com)
* Christmas comes early for Lee CEO Mary Junck (JimRomenesko.com)

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