New York Times undergoes a radical overhaul
To save a total of 42 million dollars, The New York Times is set to adopt a new format starting in April 2008. As a result, the renowned U.S. daily newspaper is closing a printing plant and cutting 250 jobs—one-third of its workforce.
In order to save a total of 42 million dollars, the New York Times is to be published in a new format from April 2008. As a result, the renowned US daily newspaper is closing a printing plant and cutting 250 jobs by a third, as reported by the New York Times. Overall, the newspaper will be almost four centimetres narrower in the new format. However, the New York Times is by no means the only daily newspaper in the USA that has to adapt to the changing market environment: The Washington Post and the Los Angeles Times also reduced their size at an earlier stage for cost reasons. Newspapers are struggling with the decline in readership and the migration of advertising to the Internet and other media.
