11:52 am Less Seen as More for The New York Times Company
The New York Times is all about bringing news to its readers. Today, though, The New York Times Company (NYT 12.04, +0.82) is making news of its own with an announcement that can be seen as bittersweet.
The bitter part of things is that the company said it will be making job cuts across the company, including about 100 positions in the newsroom according to published reports. This news was communicated in a letter to employees that was subsequently copied for public dissemination in an 8K filing since it also …More