For the third time in five years, the New York Times is set for a new round of buyouts, including about 30 positions from the news side.
In a memo to staff, Times publisher Arthur Sulzberger said he had asked executive editor Jill Abramson, editorial page editor Andrew Rosenthal, and general manager Scott H. Heekin-Canedy "to identify significant cost savings -- including buyouts -- throughout The New York Times Media Group."
"As we all know, these are financially challenging times. While our digital subscription plan has been successful, the advertising climate remains volatile and we don’t see this changing in the near future," Sulzberger wrote.
Source: Politico. Read full article. (link)