LANG papers over their credit limit

Double whammy today in the Los Angeles Newspaper Group world. First, holders of the company-wide Media News Group credit card, called P-Cards, were notified to stop using the cards at least until tomorrow:

To all P-Card Users,

We have been notified by Wells Fargo that our credit limit has been exceeded today. We have enacted an early pay down that will be effective as of midnight tonight. Please refrain from using your P-Card until tomorrow morning.

We regret any inconvenience that this might cause.

Affecting more employees is the announcement that LANG will close its Valencia printing plant, meaning that the papers printed there will now be outsourced. The Daily News and Long Beach Press-Telegram will be printed at Southwest Offset Printing in Gardena, which already prints the Daily Breeze. The San Gabriel Valley Tribune, Pasadena Star-News and Whittier Daily News will now be printed at the Register in Orange County. LANG CEO Ed Moss: "Outsourcing our printing will enable us to reallocate vital resources to our editorial and advertising sales efforts and refocus on our core mission of being the premium local content provider in the communities we serve."

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