US: New York Times follows Tribune, plans 100 editorial layoffs
Posted by Jean Yves Chainon on February 15, 2008 at 10:26 AM
In the wake of Tribune Co. announcing 500 job cuts, The New York Times announced that it will cut 100 newsroom jobs this year, due to financial pressures.
This amounts to 8% of the Times’ current 1,332 newsroom workforce.
Parent company The New York Times Co. cut jobs at other subsidiaries last year, but this is the first time in recent memory that the NYT will cut reporting jobs. The Time’s newsroom had actually been growing in recent years, up from 1,078 employees in 1998.
Overall newspaper advertising fell 7.4% in the third quarter of 2007, according to the Newspaper Association of America.
The New York Times Co. reported a 4.1% decline in overall advertising in the fourth quarter of 2007, excluding an extra week the previous year.
Read the business perspective on our partner site, the SFN Blog.
Source: Boston Herald – Poynter Institute – SFN Blog
This amounts to 8% of the Times’ current 1,332 newsroom workforce.
Parent company The New York Times Co. cut jobs at other subsidiaries last year, but this is the first time in recent memory that the NYT will cut reporting jobs. The Time’s newsroom had actually been growing in recent years, up from 1,078 employees in 1998.
Overall newspaper advertising fell 7.4% in the third quarter of 2007, according to the Newspaper Association of America.
The New York Times Co. reported a 4.1% decline in overall advertising in the fourth quarter of 2007, excluding an extra week the previous year.
Read the business perspective on our partner site, the SFN Blog.
Source: Boston Herald – Poynter Institute – SFN Blog
Posted in :
Related Entries
0 TrackBacks
Listed below are links to blogs that reference this entry: US: New York Times follows Tribune, plans 100 editorial layoffs.
TrackBack URL for this entry: http://www.editorsweblog.org/mt/mt-tb.cgi/6162
Leave a comment