New York Daily News is the Latest Newspaper to Consider Staff Cuts

In a memo to staffers, New York Daily News editor-in-chief Arthur Browne warned employees that staff cuts could begin before the end of the

Subscription News: New York Daily News is the Latest Newspaper to Consider Staff Cuts

Source: New York Daily News

In a memo to staffers, New York Daily News editor-in-chief Arthur Browne warned employees that staff cuts could begin before the end of the year if enough employees do not take a voluntary buyout, reports Media Post. Though the New York Post speculates that the Daily News is looking to make $6 million in budget cuts, it has not been disclosed how many staff positions need to be eliminated.

“The economics of journalism are brutalizing media organizations across the country and beyond. Revenue that was once taken for granted is long gone, forcing the industry to evolve rapidly. Although the Daily News has made remarkably successful strides, we must move still more quickly to serve a growing readership,” Browne said in the memo.

Subscription News: New York Daily News is the Latest Newspaper to Consider Staff Cuts

Source: New York Daily News App

This is tough news for Browne to deliver, especially since he has only been editor-in-chief since mid-October. Browne, a Pulitzer Prize-winning journalist, previously served as the newspaper’s editorial page editor. He replaced Jim Rich who had served as the paper’s editor-in-chief for a little over a year, says Politico. At the same time, owner Mort Zuckerman named one of his nephews, Eric Gertler, as co-chair and co-publisher of the Daily News.

In a brief memo about the changes, Zuckerman wrote, “As we continue to evolve the business for both our online and print audiences, I am very confident that Arthur and Eric with our CEO Bill Holiber will serve as the right team to help the newspaper reach new heights.”

The Daily News joins other well-known papers in cutting staff this year, including:

Insider Take:

 It is a tough year to be a newspaper publisher. As organizations like Thompson Reuters, Dow Jones and Time Inc. navigate a digital world with declining print revenue, many publishers are forced to drastically cut costs. Some have sold real estate, others have reduced print schedules, while others have cut staff, consolidated operations or reconsidered their business models.

Nimble publishers who have been making incremental changes, broadening to offer new products and services, or testing and shifting strategies along the way will come out on top, while others will have to seriously question their long-term sustainability and make drastic, sometimes desperate changes to stop the bleeding.

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