NEW YORK Newsday today said it would cut 5 percent of its staff, or 100 jobs. All will be offered buyouts. It will also raise newsstand prices for the weekday and Sunday editions as the newspaper grapples with the worsening economy.
In a note to employees, publisher Timothy Knight said the union representing newsroom and production workers was informed of the “job reductions” and in the coming days “there will be additional job eliminations across the company.”
An article on the newspaper’s site reveals that editor John Mancini said in a memo to staffers that the job cuts would include three sports columnists, an undetermined number of photographers and a reporter/researcher in the Albany bureau. He also said some staffers would be required to take on different jobs.
“These circumstances are always difficult,” Mancini said. “Valued friends and colleagues who did not contemplate making a change will face giving up jobs they have been devoted to for years.”
The story disclosed: “Sources told Newsday that most of the affected workers would be offered a buyout package and would have two weeks or so to decide whether to accept it. The company hopes to have completed the cuts by year-end.”
The development caps a grim week in the media industry that saw big cuts at Viacom, NBCU and Gannett.