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News Summary: Cash shortage sparks Newseum changes

The Associated Press

TOURIST WIN: In five years since moving to its new home overlooking the U.S. Capitol, the Newseum has attracted 4 million visitors.

CASH CRUNCH: It's Washington's priciest museum, but the Newseum's revenue fell short of expenses by millions of dollars in 2009, 2010 and 2011. The endowment's principal value has steadily declined from $600 million to about $373 million at the end of 2011.

CHANGES: The journalism museum has had four rounds of staff layoffs since 2008 and slashed employee retirement contributions. It's also reorganizing its educational programs under a separate nonprofit organization.