Search Google

3/24/16

Johnston Press will sell, close or drastically cut costs at 59 local newspapers

Johnston Press announced this week that it will sell, close or cut costs at 59 of its local newspapers. The company said in a statement that it had “identified a number of newsbrands that are now considered non-core and such will be either divested or run with less costs.” In 2015, Johnston Press closed a total of 18 of its newspapers, including 11 free weeklies. The Drum reports that the newspapers most likely to be closed are those outside of the geographic regions it’s trying to focus on.

+ As the Independent continues its transition to a digital-only publication, its journalists are being asked to take pay cuts of as much of half of their current salaries; more than 100 of its 160 employees are expected to lose their jobs after the print edition ends this weekend (Guardian)

The post Johnston Press will sell, close or drastically cut costs at 59 local newspapers appeared first on American Press Institute.



from American Press Institute http://ift.tt/1XPCNww

0 التعليقات:

Post a Comment

Search Google

Blog Archive