Reuter's CEO Suggests The NYT Cut Newsroom Staff By 90%

The radical new idea of staff cuts at a newspaper was introduced by Tom Glocer, chief executive of Thomson-Reuters, during a talk he gave Monday night about what financial news and information will look like 30 years from now. The New York Observer reports:

Mr. Glocer explained to the 50 or so attendees that newspapers like The New York Times have to cut costs by concentrating on their strongest coverage. “That view that ‘I am The New York Times and I do everything’ -I think that’s not the best way to run a newspaper,” he said.

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