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Museum Makes Staff Cuts After Benefactor’s Endowment Tumbles

November 26, 2008, 1:48 pm

The Newseum, which opened in April in Washington and focuses on the history of the news media, has announced plans to cut its 250-member staff by 10 percent, according to The Washington Post.

The museum is supported mostly by the Freedom Forum, whose endowment dropped from $600-million to $450-million during this year’s stock market turmoil, according to the Newseum’s chief executive.

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