New York Times faces new job cuts

The New York Times has announced fresh job cuts, mostly in its newsroom division, to save costs. The newspaper said it wanted to invest more heavily in its digital product portfolio.

Deutsche Welle, 1 Oct 2014

The New York Times confirmed Wednesday more job cuts would be required to lower costs against the background of shrinking advertizing revenue from its print business.

The newspaper said it would have to slash 100 newsroom positions and a smaller number of jobs from its editorial and business operations.

"We will also redesign the magazine, crate new journalistic features and adapt our journalism to a world where an increasing number of readers find us on mobile," NYT Executive Editor Dean Baquet said in a statement.

Deep restructuring ahead

He added the company would also invest heavily in audience development, its digital product portfolio and advertizing.

However, NYT Opinion, a mobile app dedicated to opinion content, would be shut down as it was not attracting enough subscribers.

The Times had earlier reported a hefty drop in profits in the second quarter, with its Q2 net earnings falling by half year-on-year to $9.2 million (7.3 million euros).

hg/cjc (Reuters, AFP)

Related Articles:

When Propaganda Fails, Humanity Awakens…The Fall of Mainstream Media


"Recalibration of Free Choice"–  Mar 3, 2012 (Kryon Channelling by Lee Caroll) - (Subjects: (Old) Souls, Midpoint on 21-12-2012, Shift of Human Consciousness, Black & White vs. Color, 1 - Spirituality (Religions) shifting, Loose a Pope “soon”, 2 - Humans will change react to drama, 3 - Civilizations/Population on Earth,  4 - Alternate energy sources (Geothermal, Tidal (Paddle wheels), Wind), 5 – Financials Institutes/concepts will change (Integrity – Ethical) , 6 - News/Media/TV to change, 7 – Big Pharmaceutical company will collapse “soon”, (Keep people sick), (Integrity – Ethical)  8 – Wars will be over on Earth, Global Unity, … etc.) - (Text version)

“…6 - The News

Number six. I'll be brief. Watch for your news to change. It has to. When the media realizes that Human Beings are changing their watching habits, they're going to start changing what they produce for you to watch. Eventually, there's going to be something called "The Good News Channel," and it will be very attractive indeed. For it will be real and offset the drama of what is today's attraction. This is what families at night, sitting around the table, will wish to watch. They'll have something where the whole picture of a situation is shown and not just the dramatic parts. You will hear about what's happening on the planet that no one is telling you now, and when that occurs [we have no clock, dear one], it's going to compete strongly with the drama. I keep telling you this. Human nature itself is starting to be in color instead of black and white. Watch for it. And that was number six ….”