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Times To Cut 500 Staff Amid Anemic Ad Growth

The New York Times Co. is firing 500 employees in a belt-tightening move due to slumping advertising sales. Investors anticipating the cutback announcement made after markets closed yesterday had pushed up shares 21 cents to $32.13, reversing a recent stock slump.

Read the whole story at The New York Post, September 21, 2005 »

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