Ken Otterbourg, the Winston-Salem Journal's managing editor, is leaving the paper at the end of the month.  From his blog post about his departure:

We will be running a story tomorrow announcing my resignation as
managing editor at the Journal. We told the staff yesterday. So
consider this the tease, as it will make you read the article.
But the short version is that a) I wanted to try some other things
besides running a newsroom before I got too old to make the transition
and that b) I had some substantial disagreements with our corporate
staff about some planned changes for our newsroom in the coming year.

Update: I'll keep in place the speculatin' that I wrote below just to show how off one person (me) can be when working with partial info.  According to the article that the Journal ran about Otterbourg's resignation his disagreement with the corporate office has to do with consolidating the copy editing and design functions of the three largest papers.  Of course that could have led to people being let go (speculation number 1), but still it looks like I really was speaking through my nether regions. Update End

That last line has me speculatin' and the three possibilities that pop into my head are:

1. He's had to be the guy handing out pink slips the last couple of years and he doesn't want to do more of the same.  In classic corporate style the suits in Richmond want him to cut senior reporters since they cost so much and hand the reins to kids out of journalism school (if such people still exist) and hope for the best.  
2. The suits in Richmond want the newsroom to be better integrated with advertising so that they can offer more "innovative" business solutions to their advertisers.  Hey, if it's good for Murdoch's peeps then why not Media General's?
3. The suits are considering pulling the plug on the printed product and going entirely digital.

Remember this is pure speculation on my part and I could be totally talking out of my nether regions, but I don't think the speculation is too much of a stretch, especially the first one.  Believe me, I hope I'm wrong.