Dear Team,  Advance Publications' The Star-Ledger of Newark, N.J., is struggling to find $10 million to slash from its budget because many of its key retail advertisers have filed for bankruptcy or cut their spending.
The Star-Ledger still promises to honor its famous handbook pledge not to lay off any of its nonunion employees due to a bad turn in the economy.
The Star-Ledger also canceled its Christmas party, has closed a small satellite office in Newark, is offering buyouts to selected employees, and will decrease the amounts of its annual raises and bonuses.
The Star-Ledger has a  410,547-weekday-circulation newspaper and about 132,449 MT in newsprint consumption.
The carnage continues as the loss of advertising dollars plagues newspapers.

newsprint update, 11/27
Dear Team, Advance Publications' The Star-Ledger of Newark, N.J., is struggling to find <CUR><NUMBER> million to slash from its budget because many of its key retail advertisers have filed for bankruptcy or cut their spending.
The Star-Ledger still promises to honor its famous handbook pledge not to lay off any of its nonunion employees due to a bad turn in the economy.
The Star-Ledger also canceled its Christmas party, has closed a small satellite office in Newark, is offering buyouts to selected employees, and will decrease the amounts of its annual raises and bonuses.
The Star-Ledger has a <NUMBER>-weekday-circulation newspaper and about <NUMBER> MT in newsprint consumption.
The carnage continues as the loss of advertising dollars plagues newspapers.
party closed lay nonunion employees handbook advertisers filed bankruptcy small satellite newsprint consumption carnage million slash number weekday star ledger newark decrease amounts annual