SHOOT: Here is the critical item of information: 'more readers shift their attention to the web instead of print'. We are rapidly moving towards a sceanrio of either web or print - but not both. And in some instances print may actually be better, and counterintuively, cheaper.
NEW YORK (Reuters) –
New York Times Co's flagship newspaper plans to eliminate several weekly sections and cut freelance spending to save millions of dollars in annual costs, according to a memo obtained by Reuters.
The Times will eliminate its Escapes section and absorb its content into the Weekend section, and stop running a separately labeled New York report in the first section of the Sunday paper. It also will stop running a regular fashion layout in the Times Magazine, and move its guide to the contents of each day's paper to one page from three.
New York Times, which reports its quarterly financial results next week, is one of many U.S. newspaper publishers that is dealing with a decline in advertising revenue as more readers shift their attention to the web instead of print.
The economic crisis has accelerated those ad declines.
|
No comments:
Post a Comment