MLive has a letter from Dan Gaydou that outlines the changes, with the appropriate corporate spin. In other words, no mention of layoffs, coming online fees, etc.
Update: Just received information that the circulation call center work is going to move to Florida and perhaps another vendor. Many more local jobs are gone, although there is little mention of that in the official releases.
The closure of the Flint office and printing facility will be huge for downtown Flint.
All the talk coming out of Booth/Advance in recent months has been how they have turned profitable, blah, blah, blah. Maybe it hasn't been a big enough profit, but can't imagine huge changes like this if they were really on the right road.
Here's a tidbit from Poynter on the changes.