The Chicago Tribune is facing weaker-than-expected first-half financial results. And the company is planning to eliminate around 120 positions from the newspaper’s workforce.

This was announced by the newspaper’s Publisher and Chief Executive David Hiller. However, they have yet not revealed anything on how many jobs each department and operation will lose.

Hiller said that around 40 jobs have been vacant and left unfilled since the beginning of the year and they would be cutting around 80 more.

He was quoted as saying: “We would hope to have most of this decided by Labor Day .. and, as much as possible, completed.”

Managing Editor James O’Shea added: “We’re working through the numbers now, and we’re trying to see if we can avoid layoffs.”

Popularity of the internet for news reading has resulted in many traditional print media companies facing tough times and Chicago Tribune is just one of the many such outlets to have publicly admitted these facts.