The New York Times will shrink the size of its pages in 2008, narrowing them by an inch and a half, reports
The Wall Street Journal. The
Times made the announcement Tuesday, as it
also reported a bare 1 percent rise in second-quarter profit on a revenue increase of just 1.6 percent. However, revenue at its recently acquired About.com soared 63 percent from a year earlier. The
Times expects the changes to save it $42 million annually, as it will consolidate all of its printing facilities in the New York area into its newest production facility. About 250 jobs, or
one-third of its production staff, will be cut. The size reduction would also mean a loss of 11 percent of the news hole, but the newspaper said it will add pages to make up about half of that.
"That's a number that I think we can live with quite comfortably," says Executive Editor Bill Keller. "The smaller news space would require tighter editing and putting some news in digest form."
USA Today and the
Washington Post have also reduced the size of their pages, and the
Journal will soon follow suit.
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