The New York Times Is Shrinking
They plan to go on a slim fast plan of action:
The New York Times Co. plans to narrow the size of its flagship newspaper and close a printing plant, resulting in the loss of 250 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, New Jersey. The company will sublet the plant and consolidate its regional printing facilities at a plant in Queens, the paper said.The newspaper will be narrower by 1 1/2 inches. The redesign will result in the loss of 250 production jobs, the company said.
The New York Times said it expected the changes to result in savings of $42 million.
The narrower format, offset by some additional pages, will reduce the space the paper has for news by 5 percent, Executive Editor Bill Keller said in the article.
5% less space for leaking classified information and photos from enemy sympathizers!
Thomas Lifson has much more on the NYT downsizing.
A profitable company is to shutter a factory it built in 1992 as part of a much-hailed visionary strategy to take advantage of technology. But now it is just a cost to be cut. Eight hundred jobs, many of them well-paying blue collar positions (supposedly an endangered species) will disappear, while managerial and professional jobs are being protected.
Normally, this would be a juicy target for series of articles on the front and business pages of the New York Times. You know the drill: a parade of blue collar people victimized by the Bush administration, and now facing a bleak future. Meanwhile the insiders make out fine. There’s even a fat cat CEO whose compensation package has done a whole lot better than its profits or stock. If Howell Raines still were editor, he’d get at least 40 stories out of it.
But today, the company in question is the New York Times Company. So don’t expect the same rules to apply.
Nothing personal – it’s just business.
Are you with me so far? Good contine reading here! It is time well spent!
July 19, 2006 - 01:45 AM on July 19th, 2006
“…profitable company is to shutter a factory it built in 1992 as part of a much-hailed visionary strategy to take advantage of technology. But now it is just a cost to be cut. Eight hundred jobs, many of them well-paying blue collar positions (supposedly an endangered species) will disappear, while managerial and professional jobs are being protected.”
Typical elitist Liberal hypocrisy, glaring for the world to see. Their standards don’t apply to themselves. But I’m sure it’s Bush’s fault anyway, somehow.
July 19, 2006 - 07:59 AM on July 19th, 2006
Too bad for all those 250 workers will be losing their jobs all becuase the New York Times prefered to give away that vital information and this must mean that the NYTs is losing readers could,nt happen to a nicer birdcage liner:roll:
July 19, 2006 - 09:42 AM on July 19th, 2006
NYT should shrink to ZERO!