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July 18, 2006

NYT Cutting Costs

From Reuters:

The New York Times Co. (NYT.N: Quote, Profile, Research) plans to narrow the size of its flagship newspaper and close a printing plant, resulting in the loss of 250 jobs, the company said in a story posted on its Web site late on Monday.

The changes, set to take place in April 2008, include the closure of a printing plant in Edison, New Jersey. The company will sublet the plant and consolidate its regional printing facilities at a plant in Queens, the paper said.

The newspaper will be narrower by 1 1/2 inches. The redesign will result in the loss of 250 production jobs, the company said.

The New York Times said it expected the changes to result in savings of $42 million.

They should consider firing reporters and editors, not the grunts who get the paper printed...

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Posted by Pam Meister at 08:15 AM | Comments (48) | TrackBack (0) | MSM
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