The New York Times is cutting around 100 jobs
Inside sources reveal that The New York Times is in the process of cutting around 100 jobs in its newsroom.
This comes to around 8% of their total journalism workforce.
The reason behind this job cut is simple… Financial woes. The revenues for newspapers and magazines are [...]
Steve Jobs behind Disney’s new Retail Strategy!
New York Times has reported that Disney is gaining from Steve Jobs and Apple’s retail store team to change the way their retail stores operate.
Steve Jobs is the largest individual share holder in Disney. He is also the CEO of Apple.
The report states that Disney is [...]
New York Times considering charging for online access
Bloomberg has reported that the US based news media giant New York Times is considering charging for online access to their news articles.
They have asked some of their print subscribers if they would be willing to pay a small fee to access the content online.
The charges could [...]
New York Times to remove sections to cut costs
New York Times is planning to eliminate several weekly sections in addition to cutting freelance spending to save millions of dollars in annual costs.
The newspaper said in a statement: “Taken together, these moves will save millions of dollars — savings that would otherwise have to come [...]
Sirius XM could file for Bankruptcy
The New York Times has reported that US based satellite company Sirius XM Radio could soon file for bankruptcy.
The report said that the company has hired advisers to prepare for a possible bankruptcy filing.
It is not clear whether bankruptcy filing would hit the services being delivered to the subscribed [...]
The New York Times might charge again for online access
The New York Times has hinted that they are considering charging for access to some parts of their online website.
The news media giant had abandoned the paid online access around two years ago.
Apparently the revenues from online advertising are not as much as [...]
New York Times to sell Boston Red Sox stake
The New York Times has announced that they have now hired the services of Goldman Sachs to help them find a buyer for its stake in the Boston Red Sox baseball team.
The company is struggling with heavy debts and is looking for revenue avenues.
Advertising [...]
Carlos Slim to invest $250 million in The New York Times
The New York Times has announced that they have signed on a deal with Mexican billionaire Carlos Slim.
The deal would see Slim making an investment of $250 million in the news media giant.
These funds would help the NYT to meet the immediate financial [...]
Carlos Slim might invest in The New York Times
Wall Street Journal has reported that The New York Times is in talks with Carlos Slim Helu on a potential investment deal.
NYT has declined to comment on these reports.
The report stated that no deal has been reached till now. The investment would come handy for the [...]
The New York Times now selling front page ads!
Times are tough for the news media giants in the US market.
The New York Times has now started offering advertising on their front page.
They are now selling graphical advertising on the front page.
The first advertising that ran on the front page of the [...]
