(POYNTER) The New York Times plans to cut about 100 jobs from its newsroom, Ravi Somaiya reports. “We hope to meet this number through voluntary buyouts. But if we don’t get there we will be forced to do layoffs,” Executive Editor Dean Baquet says in a note to staffers (below).
In addition, it’s shutting down its NYT Opinion app, and while Publisher Arthur Sulzberger and New York Times Co. CEO Mark Thompson call the app NYT Now “terrific,” they say “our effort to define and market a lower-priced subscription offer on the web and core apps has proven much less successful.”
It will become a smartphone-only product “aimed at new and younger audiences and we’ve already begun to test other, more intuitive lower-priced subscription offers.”
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