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The Financial Prognosis Is For Newspapers In 2005
Philip M. Stone May 26, 2005
When New York Times staff saw an internal folksy note from “Arthur” and “Janet” they knew something was up. This time the “up” is the loss of 190 jobs, mostly at the Times, but some at the Times-owned Boston Globe. And the reason: “Given the current challenges in the advertising at the Times and the Globe and the cloudy economic outlook for the remainder of the year, we believed it was prudent to accelerate ongoing cost control efforts.”
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