24/7 Newsfeed

Put Reason 24/7 on Your Site


Follow Reason 24/7 on Twitter and via RSS

Newsroom Buyouts Come to New York Times

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)

Editor's Note: We invite comments and request that they be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of Reason.com or Reason Foundation. We reserve the right to delete any comment for any reason at any time. Report abuses.

  • Ted Levy||

    If they REALLY wanted to raise money, they could auction off the right to fire many of their columnists...