Staffers at the L.A. Times (and presumably KTLA) have watched the Tribune Co. stock price drop 24% since February, knowing that the bosses back in Chicago are very attuned to how Wall Street values the company. Today, Tribune told the street it will miss third-quarter earning projections, not counting the new charge of $45-$60 million (on top of $35 million already set aside) the company will take to adjust for cooked circulation figures at Newsday and Hoy. Meanwhile, Newsday's editor told the staff there are no plans to cut jobs — yet.
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