A taxi drives by the New York Times building in Times Square, NewYork, in an undated file photo. 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 New York Times Co. (NYT.N: Quote, Profile, Research) 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.
Winning Pulitzer Prizes for printing America’s secret anti-terrorism programs cannot possibly SELL newspapers. Subscribers are voting with their feet and walking out…….
Flap’s advice: DUMP this company…….
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