The New York Times plan to expand digitally and in order to do this, they have decided to cut jobs and and close the editing and prepress facilites in France and move more of their international operations to London. Although France is a vital market, the company want to save more money whilst also sustaining their Print presence internationally.
- The move will see up to 70 roles eliminated or relocated
- The New York Times is investing $50m in global digital expansion.
- NYT announced a $50m global digital expansionwith a new unit called NYT Global
- reports that the company was looking to cut hundreds of jobs later this year.
Since more people are using technology to access the news, great numbers of printing facilities are no longer needed. However, keeping the print format is still necessary in order to provide news to the people who are part of the digital divide.
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