In media news, the McClatchy newspaper chain has announced plans to eliminate 1,600 jobs, or 15 percent of its workforce. Newspapers affected by the layoffs include the Sacramento Bee, the Kansas City Star, the Fort Worth Star-Telegram and the Fresno Bee. Meanwhile, the New York Times has announced it has sold twenty-one floors in its fifty-two-story headquarters in Times Square in an effort to raise $225 million. Under the terms of the deal, the paper will lease back the floors for the next fifteen years.