Go to content Go to navigation Go to search

November 26, 2008

Museum Makes Staff Cuts After Benefactor's Endowment Tumbles

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.

(Free registration is required to view this article.)

Wednesday November 26, 2008 | Permalink

Commenting is closed for this article.

Previous: Muslim Groups Divided on Holy Land Verdict
Next: Gap Founder Finds Opposition to $1-Billion Museum Gift

---

Copyright © 2009 The Chronicle of Philanthropy