[Sprite518]

NY Times Cutting 500 Jobs, 4 Percent Of Work Force

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.

[texasmountainman]

Shouldn't Krugman, Dowd, Herbert, Rich, etc. practice what they preach and each take a huge pay cut in order for some of their fellow employees to keep their jobs?

I thought they believed in sacrificing for the common good.

[hermgem]

Can't trust these print media outlets and one has to look for accuracy and no spin news at other places, unless you allow these scribes to convert you into unquestioning liberal followers.
Just look at these poor same minded Europeans.
Besides, as an Investors Business Daily poll revealed regular print media readers are the most negative news consumers.
Readership declines, good, perhaps that gets the message of needed changes at their news sections towards accuracy and impartiality across.

[FOG724]

How about cutting your liberal content instead?

[Mark]

All of these fine employees deserve 95% pensions with life-time fully paid medical benefits! (wonder what that would cost them?)

[muawiyah]

Best bet on cutting staff at any newspaper is to round up the Liberals and fire half of them on the spot.

[petertare]

Excellent news. Profits will really spike if they fire the remaining 11000 or so.

[clyde asbury]

NY Times Cutting 500 Jobs, 4 Percent Of Work Force


Women and Minorities Hardest Hit, of course.

[jpl]

Newspapers are so 20th century. Pretty soon they'll be about as relevant as the typewriter.

[Gator113]

For every one of those traitorous lib freaks that lose their job, I can't help but feel warm and fuzzy!

".......lower circulation and revenue."..... Oh happy day!!!

[RightWhale]

includes The Boston Globe

Continued fallout from the Red Sox victory in the World Series.

[Babu]

HA HA HA HA HA HA HA HA HA HA HA HA

Now just go out of business please, Pinch ...

[Arizona Carolyn]

ROTFLOL ~LOL~ blame it on the Internet! They don't get it -- people have turned to the Internet because these papers are so disingenuous no one wants to read them -- or watch -- or hear -- about Dan Blather, either!

[RayChuang88]

It couldn't have happened to a nicer bunch of people.

[MikeHu]

Trendlines don't look good for mainstream media:

credibility, subscriptions, jobs down.

Blogs, electronic forums, email, Internet skyrocketing.

And they think they're coming after us -- and the President.

What was their name again?

[syriacus]

Schade!!

[alessandrofiaschi]

[Cincinatus' Wife]

***.....Newspaper companies have been struggling with slow-growing advertising and a long-term decline in circulation amid changing media habits as more people go to the Internet for news...........***

Bump!