According to Channel 7 Eyewitness News, Advance Publications Inc. will sell The Star-Ledger of Newark unless 26 percent of staff accept buyouts by October, the company told employees in a letter Thursday.Star-Ledger publisher George Arwady said that if 200 if the paper’s 750 full-time employees do not apply for a buyout by Oct.1, and if the company does not get new agreements from unions representing its mailers and drivers, the New Jersey paper will be sold.”The situation is critical – we are currently on life support,” Arwady said in the letter, a copy of which was obtained by The Associated Press.
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