That’s the word according to The Birmingham News’ breaking news blog.

The story was posted shortly after 5 p.m. today. News publisher Victor Hansen, III promised “…to continue the strong local news coverage, investigative reporting and service to advertisers that the metropolitan Birmingham area has come to expect.”

The Birmingham Business Journal reported earlier in the day that the buyouts were offered to employees 55 years of age or older and that there would be no subsequent layoffs at this time.