Dear colleagues:

Today we are unveiling exciting plans for the future of our company.

On October 1, we will launch Oregonian Media Group and Advance Central Services Oregon, two companies that will work together to expand our products and services for consumers and advertisers of The Oregonian and OregonLive.com. We will strengthen our digital focus in particular. At the same time, we will continue to publish The Oregonian.

The new companies will be structured this way: Oregonian Media Group will be responsible for digital and print content, sales and marketing. Advance Central Services will provide production, distribution, IT, finance and human resources support for Oregonian Media Group.

Many employees from The Oregonian and OregonianLive.com will be offered positions in the new companies. Our goal is to inform each of you as quickly as possible – we’re aiming to do this by end of day June 21 – of your employment status. A number of positions will be eliminated and we will seek to treat those employees with dignity and care, offering severance packages that will include pay commensurate with service, funding for COBRA premiums and outplacement services.

We intend to answer all of your questions as quickly as possible. Information about our plans, including a press release and anticipated FAQs are attached here, and an announcement has been posted on OregonLive.com. This information will also be discussed with you in individual meetings with your manager.

Thank you for your continued commitment to our company.

Regards,
Chris