Here’s part of the announcement:

The Morning Call will eliminate more than 70 positions — more than 10 percent of its work force — as it continues to grapple with declining revenue afflicting the media industry, the company announced Friday.

About 50 people will be affected as a result of the cost-cutting, while other positions were already vacant, publisher Tim Kennedy said. Those affected will be contacted by the end of today and will receive severance, he said.

”As we have discussed repeatedly over the past few years, the traditional newspaper business model is broken and we fight hard every day to build the foundation for a new one,” Kennedy said in an e-mail to employees. ”It is painfully ironic that our audience reach has grown and has never been stronger while our financial results continue to worsen.”

The cuts will bring the newspaper’s work force to about 580 people.

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