It’s Official: ‘Newsday’ Announces Plan to Cut 100 Jobs

RSS
Follow by Email
Facebook
Facebook
Twitter
Visit Us
LinkedIn

By: Joe Strupp

Up to 100 jobs will be cut at Newsday, in Melville, N.Y., through voluntary and non-voluntary buyouts, Publisher Timothy P. Knight said in a letter to employees Thursday morning, according to the paper. The buyout package comes two days after Knight announced the departure of Editor Howard Schneider and the appointment of John Mancini to fill the post.

Specifics of the buyout offer — which will be given to employees Thursday and Friday — were not immediately available, the paper said, adding, “Newsday is confronting pressures for cost cutting spurred by a scandal involving overstated circulation.”

“We have been engaged in a thorough review of everything we do, establishing priorities for next year based on our strategic objectives,” Knight wrote in the e-mail to employees. “It is clear that we will face continued revenue challenges next year and, as a result, we need to make significant changes in the business in order to have a healthier newspaper for the future.”

The buyout is the latest in a string of negatives for the Tribune Co.-owned paper, which is still reeling from a circulation scandal.

Leave a Reply

Your email address will not be published. Required fields are marked *