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.

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