New York Times to Cut 100 Newsroom Jobs

Newspaper forced to reduce journalistic staff by 8%

By Nick McMaster, Newser Staff

Posted Oct 19, 2009 4:17 PM CDT

(Newser) – In an effort to continue cutting costs, the New York Times will eliminate 100 jobs from its 1,300-person newsroom. The paper will offer buyouts before instituting layoffs if necessary, executive editor Bill Keller said in an email to his staff. The move comes on the heels of an across-the-board 5% pay cut instituted earlier this year, CNN Money reports. Over the past year, the Times has borrowed money, sold assets, and withheld its dividend to offset declining revenue, the Wall Street Journal reports.

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FILE - In this June 5, 2008 file photo, the New York Times building is shown in New York. (AP Photo/Frank Franklin II, File)

Taxis pass The New York Times building on Tuesday, March 18, 2008. (AP Photo/Mark Lennihan)

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Like you, I yearn for the day when we can do our jobs without looking over our shoulders for economic thunderstorms. - Bill Keller, Executive Editor, New York Times

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COMMENTS

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Showing 3 of 4 comments

maryz

Oct 20, 2009 12:03 PM CDT

Say what you want about the NYT, but why these papers are in trouble money-wise is because it costs so much to fund the legal depts that support the real investigative journalism out there. You think these blogs online are not first gaining from the investigative work of print journalists who are protected by well-funded legal dept? And no matter how you feel about Fox or CNN, etc., it is still print journalists that really do all the hard investigative work both broadcast and online benefit from (effectively, they source print journalists for their stories that are worth anything). So, when you see these big dailies in trouble, you might, instead, share my concern (if you agree any sound democracy without a real free press is in trouble) ... that this is bad news for us all.

luluzz

Oct 19, 2009 10:51 AM CDT

Whether you like the newspaper or not, hitting 100 reporters is a big deal. And if they do it like others, they will choose the oldest ones in the newsroom who make more money. All they do is eliminate one title and create another. And a note to shonangreg.... such a weak mind to say that Fox news is a reality show and viewers are their patsies. I had assumed you were more intelligent than that.

doingtherightthing

Oct 19, 2009 9:33 AM CDT

no news like old news oops, this liberal rag is dying, oh well, who cares!

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New York Times to Cut 100 Newsroom Jobs