Kim Bhasin | Dec. 6, 2012, 8:01 PM
Source: Business Insider

Newsweek is cutting a chunk of its editorial staff.We still don’t know exactly how many in the Newsweek/Daily Beast newsroom will be losing their jobs, but an anonymous source tells The New York Observer that it’s a “bloodbath” that could annihilate half the jobs in editorial.The Observer acquired the somber memo editor-in-chief Tina Brown and CEO Baba Shetty sent out to the staff.

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