NYT Sends Out Regional Media Group FAQ That Answers Almost No Questions; Employees To Learn By Thursday Whether They Still Have Jobs
The New York Times, as previously mentioned, is selling its Regional Media Group papers to Halifax Media Holdings. The sale is official as of yesterday for $143 million.
According to a FAQ posted by Jim Romenesko, Halifax is making decisions within 48 hours as to which employees they will keep and which will be laid off.
The FAQ answers very few of the other frequently asked questions, however: The answer to “Will the buyers reduce headcount?” was answered as “That decision will be made by Halifax.”
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