San Antonio Express-News offers buyouts

E&P reported Wednesday that the Express-News is offering voluntary buyouts to 40 to 50 employees.

"Increasingly, we find ourselves to be a company in transition: one that is growing robustly on some fronts, while experiencing retrenchment on other fronts," (president and publisher Tom) Stephenson wrote. "We are, in effect, transforming ourselves from a newspaper company to a publishing company, with substantial expansion beyond our core product."