Business

Associated Press
Time-Picayune reporter Ramon Vargas sits on the front steps of the newspaper's offices as he reads his job offer packet after being retained by the newspaper in New Orleans, Tuesday, June 12, 2012. The Times-Picayune is laying off 200 employees as one of the nation's oldest daily newspapers prepares to print just three days a week. The layoffs amount to about half of the newsroom's 169 employees. Advertising, circulation and other departments also were affected at the 175-year-old newspaper. (AP Photo/Gerald Herbert)

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