POSTED: 4:49 pm EDT September 20, 2005 UPDATED: 5:03 pm EDT September 20, 2005
NEW YORK -- The New York Times Co. said Tuesday it would cut 500 jobs, or about 4 percent of its work force, as part of an ongoing effort to reduce costs. The reductions come atop another 200 jobs that were cut earlier this year.
The Times said it expected 250 jobs at its main newspaper group to be affected, which includes the Times, the International Herald Tribune and the online operation of the Times. Of those job cuts, about 45 will come from the Times' newsroom, the company said in a statement.
Another 160 jobs will be cut from the Times' New England operation, which includes The Boston Globe and the Worcester Telegram & Gazette and Boston.com. The company did not provide a breakdown of those job cuts other than to say that 45 newsroom jobs would be cut at The Boston Globe.
The announcement came on the same day that The Philadelphia Inquirer and its sister newspaper said they'll eliminate a combined 100 newsroom jobs through buyouts and layoffs if necessary because of lower circulation and revenue. The Inquirer plans to cut its editorial staff by 15 percent from 500 to 425, while the Philadelphia Daily News will cut its editorial staff 19 percent, from 130 to 105.
Both newspapers are published by Philadelphia Newspapers Inc., which is owned by Knight Ridder Inc., the nation's second-largest newspaper company.
Why is this not a surprise????
And Krugman and Dowd?
And .. They still don't get it!
Cutting 700 jobs - all in the name of corporate profits?!? I can't believe the NYT could be this greedy, crass and insensitive.
Aaaaaaaaaaaaaa..."it's Bush's fault." Hehehehehehe...hoisted on their own petard.
I nominate Maureen Dowd for a pink slip!
ML/NJ
Rearranging the deck chairs....
Why don't they slash at least 4,000 jobs??? It's hard to believe that it requires around 10,000 people to put out the bad toilet paper that passes as their various "newspapers".... a handful of bloggers can do a better job on most of the important news of the day for around 1/100000 of the cost.... and with trying to charge people $50 for the 'privelege' of reading Dowd, Krudgeman, et al is really hilarious..... I hope they're drowning in red ink!
I guess the NYT isn't counting on its new online editorial subscription service to generate a profit.
Lay off another 12,000 and they just might have the makings of a decent paper.
Better value for the same use.
500 jobs? It takes over 500 people to run a b#llsh!t factory?
The NY Times is the best paper in the world. It's even better than Bounty at picking up spills, but it's rather expensive and doesn't fit on a roller.
That is %96 too few. Close down the fish wrap.
Throw the whole lot on the street to find real jobs.
Course if they keep writing lies and made up crap and dissing our president an dcountry maybe soon I'll get my wish.
A bit of good news today!
Outsourcing to Al Jeezera?