2008_10_sl27.jpgThe NY Times reports that the Star-Ledger, NJ's largest paper (15th largest in the country, with a daily circulation of 345,000), "will cut its newsroom staff about 40 percent by year’s end, one of the largest reductions in a single move by a major American paper." This comes after grim talk from its publisher, Advance Publications, saying that the newspaper would fold if there were not a number of concessions made from staff and unions. The unions agreed to new deals and the Times explains that buyouts will be given to "about 150 news employees who requested them." A memo said that many employees applied for buyouts and some will be turned down. Some employees said It's possible that the paper will hire new employees, too.