Layoffs Likely Coming to NY Daily News

Changes are coming.

Mort Zuckerman, owner of The New York Daily News, is determined to make the paper more attractive to buyers. One way Zuckerman intends to do that is to issue a round of layoffs.

The New York Post reports that the cuts are likely coming as early as Thursday. Zukerman is also rumored to be considering a reduction in the paper’s print edition. That would likely mean dropping the day in which circulation is lowest.

These potential cost-cutting moves come after Zuckerman tried in vain to sell the tabloid. The sticking point, obviously, was that no one wanted to take on a paper that loses between $20 and $30 million a year.

Publish date: September 14, 2015 © 2020 Adweek, LLC. - All Rights Reserved and NOT FOR REPRINT