Posted on 07/17/2006 11:58:21 PM PDT by jaredt112
NEW YORK (Reuters) - The New York Times Co. plans to make the size of its flagship newspaper narrower and close a printing plant, resulting in the loss of 1,050 jobs, the company said in a story posted on its Web site late on Monday.
The changes, set to take place in April 2008, include the closure of a printing plant in Edison, N.J. The company will sub-let the plant and consolidate its regional printing facilities at a plant in Queens, resulting in the loss of 800 jobs, the paper said.
(Excerpt) Read more at news.moneycentral.msn.com ...
this is outrageous that they're sacking a thousand workers, while their CEO and managers are making millions. Outrageous! NYT need to stop thinking about profit and increase their workers wages
it's all bush's fault!
If we take the unemployment rate based on the number of people working there, I'm quite sure the number will be very high.
" The newspaper itself will be narrower by one and a half inches."
Only after they cut it down a few more inches in width and start issuing it in a continuous, perforated roll wrapped around a small cardboard cylinder will they realize their true mission in life.
This time, it's probably true because he's been making news that they just can't bring themselves to report.
-PJ
Oh,Yeah! I certainly hope it's Bush's fault.
Oh happy day!
Why not just print the truth? It's free!
The new slogan will be: All the news that's fi
lol.
ROFLMAO!!!
Good news, except for the jobs.
This surely will hurt women and children that are related to the company...
Someone needs to find out how much $$ the big wigs make. They should be hauled up before Congress like the oil execs and made to explain their big salaries when all around them the "little" people are being let go.
Who is it that keeps the dinosaur media deathwatch ping list?
Very thoughtful with lots of insight, LOL.
My latest doodle puts it into headlines:
SCHADENFREUDE ~ping~
Abb keeps the Dinosaur Media Deathwatch ping list.
I saw that earlier while browsing around. Funny stuff, good job on it.
Pinging with early Tuesday Morning good news!
Die NYT! Die!
Here's their story...
Times to Reduce Page Size and Close a Plant in 2008
http://www.nytimes.com/2006/07/18/business/media/18web.html?_r=1&oref=slogin
The New York Times is planning to reduce the size of the newspaper, making it narrower by one and a half inches, and to close its printing operation in Edison, N.J., company officials said yesterday.
The changes, to go into effect in April 2008, will be accompanied by a phased-in redesign of the paper and will mean the loss of 250 production-related jobs.
Several other American broadsheets reduced their size a few years ago, and many are planning further shrinkage to cut costs as the price of newsprint climbs and newspapers lose readers and advertisers to the Internet.
The Times, which made the announcement last night on the eve of its quarterly earnings report, said it would sublet its plant in Edison and consolidate its regional printing facilities at its newer plant in College Point, in Queens.
That consolidation will mean the loss of about a third of the total production work force of 800.
The Edison plant, which opened in 1992, is to keep printing papers until the spring of 2008, by which time one new press will have been added at College Point. That plant opened in 1997.
The company said the changes would save about $42 million a year — $30 million by consolidating printing at College Point and $12 million by reducing the size of the paper. Leaving the Edison plant means the company can avoid about $50 million in capital improvements there, although it will spend about $150 million to combine the facilities in College Point and buy a new press.
more...
The reduction in the size of The Times will mean a loss of 5 percent of the space the paper devotes to news. If the paper only reduced the size of its pages, it would lose 11 percent of that space, but Bill Keller, the paper’s executive editor, said such a loss would be too drastic, so the paper will add pages to make up for some of the loss.
“That’s a number that I think we can live with quite comfortably,” Mr. Keller said of the 5 percent reduction, adding that the smaller news space would require tighter editing and putting some news in digest form.
Several broadsheets — including USA Today, The Los Angeles Times and The Washington Post — have already reduced their size and others, like The Wall Street Journal, are planning to.
“It’s painful to watch an industry retrench,” Mr. Keller said. “But this is a much less painful way to go about assuring our economic survival than cutting staff or closing foreign bureaus or retrenching our investigative reporting or diluting the Washington
Absolutely! I agree! How much did Bill Keller make last year? Punch or Pinch Salzburger or whatever his name is?? How much did the NY Slimes pay fat-cat Maureen Dowd and Paul Krugman? HUH????
Just goes to show you that at the New York Slimes, the rich elitists don't care one bit about the working man.
I'd like to see it cut down to a single sheet that you might find on your car's windshield after coming out of a store. That would be a fitting end to the Al Qaida-supporting NYT.
Leni
Think, therefore, how much more money they could save if they cut the size of the paper by, say, 50-75%
Pinch is a PUTZ!!!
They should print their fish wrapper on a roll of two-ply tissue. Then the paper would fit the content!
Why do they even bother to print the damn thing anymore? They can just e-mail all of our national security secrets directly to the terrorists. Treasonous b*stards.
I think Thomas Edison's ghost can finally get some rest now...
"Shady" German word I can never spell.
They announce earnings later this morning. It will be interesting if they book a charge for this plant closing and layoff. I'm hoping it may be enough to throw them into the red...
bttt
Thanks for the ping.
This announcement gives new meaning to "Stop the presses!" My question is WHY WAIT 'TIL 2008?
Thank you. I love good news in the morning. And that is really fit to print.
Speak for yourself, Mr. Keller.
The TIMES are a changin', they are actually looking for loose change where ever they can find it but I doubt "Pinch" has turned HIS pockets inside out though. C'mon "Pinch" show the old 'elephant ears' so the poor people you fired know you are broke too.
I bet the 'tree huggers' are happy with their decision to cut their (toilet) paper by inch and a half.
They will probably eliminate the "news that is fit to print" and leave the rest.
Why wait until 2008?
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