Mountain XPress Implements Cost-Cutting Measures

december 22, 2008  09:56 am
Employees of the Asheville, N.C., alt-weekly will see an across-the-board cut in pay of between 5 and 10 percent effective Jan. 1, owner and publisher Jeff Fobes announced Friday. The paper has suffered a recent decline in classified and retail advertising, and Fobes expects the slide to continue in 2009. "Our strategy is to share the pain, so we're instituting a company-wide pay cut," he says. "Everyone feels the pain; everyone should have input into what must be an evolving response to the economy." ALSO FROM THE XPRESS: The paper recently discussed its web operations in a feature story on how local publications are dealing with online journalism.