Saturday, December 6, 2008

Newsday cutting 100 jobs, raising newsstand prices

Newsday announced plans Friday to cut 100 jobs, or about 5 percent of its workforce, and raise newsstand prices for the weekday and Sunday editions as the newspaper grapples with the worsening economy.

Officials at the Graphic Communications Conference of the Teamsters union said they were told 45 to 50 members in the newsroom and operations departments would be affected, including people who work on a printing press slated for shutdown. Most vacant positions across the company will be eliminated as well.

In an e-mail to employees, publisher Timothy P. Knight said the reductions were necessary "to weather these difficult times and meet the changing dynamics of our industry so that we can continue to grow."

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