Dec 5, 2008 2:15 pm US/Eastern
Newsday Cuts 100 Jobs, Hikes Prices
MELVILLE, N.Y. (AP) ―
-
-
Newsday said Friday it is cutting 100 jobs, or 5 percent of its work force, and will raise newsstand prices beginning next week.
AP
Newsday said Friday it is cutting 100 jobs, or 5 percent of its work force, and will raise newsstand prices beginning next week.
In a story on its Web site, publisher Timothy P. Knight said the job reductions were necessary because of the struggling economy. The cuts will come from the newsroom and production side of the Long Island daily's operations.
Three sports columnists, an undetermined number of photographers and a reporter/researcher in the Albany bureau are among the cuts. Editor John Mancini said in a memo to staff that some employees also may be required to take on different jobs.
A Newsday spokeswoman said there would be no additional comment.
The newspaper will also raise the daily newsstand price from 50 cents to 75 cents; on Sundays, the price climbs from $1.50 to $2.
Newsday already has cut 200 positions this year, and it cut 330 other jobs in the previous three years, according to an October regulatory filing.
All media companies have faced increasing pressure as consumers and advertisers cut spending during the recession. Those cuts are compounding declines in readership and advertising revenue newspapers have seen with the rise of the Internet.
(© 2009 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)
2009 Celebrity Deaths
Click to enlarge
Lawyer: Terror Suspects To 'Explain' 9/11 Attacks 7 mins ago 
Gov. Paterson Wants Lawmakers To Address Deficit 14 mins ago 
Stumble It!
Comments