Lexington Herald-Leader Struggling Financially

Mark Hebert reports from an AP story:

The AP is reporting that the Lexington Herald-Leader will be offering a ... buyout plan to its employees in an effort to cut costs.

LEXINGTON, Ky. (AP) -- With circulation declining, the Lexington Herald-Leader has told employees it will offer voluntary buyout packages this month to reduce its work force.

Publisher Timothy M. Kelly told employees Tuesday that the company expects
to accept about 4 percent of the paper's 385 full-time employees and managers
for the program. That would be about 15 employees, but the newspaper says the
actual total could be different...