The cuts will come by the end of the summer, but not in all areas. From the Tribune:
However, Hiller said, the newspaper will be investing where it sees growth potential, including Internet operations and its free paper, Red Eye. He cited a $75 million upgrade at the paper’s Freedom Center printing facility, which he said will enable the Tempo feature section to print the night before delivery starting this fall rather than a day in advance, as it now is.
RedEye, saving jobs in journalism. Who would have thought?