McClatchy

Updated at 10:12 a.m. ET

The long slide in the U.S. newspaper industry took another dramatic turn Thursday.

McClatchy Co., the parent company of The Kansas City Star and the Wichita Eagle, is offering buyouts to about 10 percent of its workforce.

In an email to employees on Friday, McClatchy President and CEO Craig Forman said the company was “rolling out two major initiatives,” including “a voluntary early retirement program for qualified colleagues, as we continue to align the size of our workforce to the changes that come with digital transformation.”

The email said about 450 McClatchy employees would be receiving “a voluntary early retirement offer today via email.”