Newsday Cuts 100 And Hikes Its Price
This story was written by David Kaplan.
Just because NY Newsday's now owned by a cable company instead of a newspaper publisher doesn't mean it can escape the need to do a round of layoffs. The Long Island daily is the latest newspaper to take out the job ax, as Crain's NY Business says the paper is cutting 100 posts, or 5 percent of its staff. Apart from resorting to cuts to deal with fading revenues, Newsday is trying to manage its costs by raising its newsstand price. The Sunday edition will go from $2 from $1.59 on Long Island, and $1 to $1.25 in New York's five boroughs. The weekday paper will rise from 50- to 75 cents on Long Island only; the price won't change in the city.
By David Kaplan