Posted on 07/18/2006 10:13:38 AM PDT by EagleUSA
NEW YORK -- The New York Times plans to shrink the size of its pages in 2008, making them one-and-a-half inches narrower, the newspaper said in its Tuesday edition.
The company, which publishes the Boston Globe and International Herald Tribune in addition to its flagship paper, also reported that its earnings climbed 1% in the second quarter from a year earlier amid a charge related to previously announced job cuts. Overall revenue increased 1.6%, while revenue from the recently acquired About.com Web site continued to skyrocket, shooting up 63% from a year earlier.
The Times expects the changes it announced today to save the company $42 million a year. The company said it will consolidate all of its printing facilities in the New York metro area into its newest production facility in College Point, Queens, and sublease an older plant in Edison, N.J.
About 250 jobs, or one-third of its production staff, will be eliminated. Severance and other consolidation costs will result in charges, the Times said, but added that it hadn't yet determined the scope and timing of such charges.
The size reduction would mean a loss of 11% of the space devoted to news, but the newspaper plans to add pages to make up for about half of that loss.
"That's a number that I think we can live with quite comfortably," Executive Editor Bill Keller was quoted as saying. "The smaller news space would require tighter editing and putting some news in digest form." The article, noting that USA Today and the Washington Post have also reduced the size of their pages, pointed to rising newsprint costs and the loss of readers and ad dollars to the Internet.
(Excerpt) Read more at online.wsj.com ...
I guess they'll have to double the lies to make up for it.
Will the smaller size still allow it to be used as fish wrap?
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The paper even makes the fish smell worse -- so don't use it. My dog, who is an American patriot, will not even pee on THAT paper...it no longer serves any uselful purpose.
Looks like my dog is going to have to be more accurate in the future.
No doubt the left side of the page will not shrink.
"Dinosaur media" ping.
Layoffs, downsizing, plummeting circulation..... Brilliant Punchie...saving trees for the global enviroment.
Small pages for small minds?
It'll fit in litter boxes easier.
good! Perhaps now they will run out of paper before getting to the classified part
I was composing a remark about their manhood . . . but I'm too much of a gentleman to post it. (I'm thinkin' it though.)
We'll just settle for "less treason and cowardice for your money."
The only thing that I might believe that they print is their Obit column and soumt outrageous advertisements.
"But the Times has pledged that despite these cut-backs, there will be no diminishing of their role as the most important intelligence gatherer for Al Qaeda."
So true!
To match their shrinking point of view, I suspect. Tabloid-size in six months. Next year, a monthly, in-house organ for its retired alumni.
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