New York Times closing Paris HQ of international edition




The

New York Times

is closing the Paris headquarters of its international edition in a move to cut costs and focus on digital readers,

the

Financial Times

reported.

Editing and production will be moved to New York and Hong Kong, the article said.


The


Times'


international operations have been based in Paris since 1967, when the company bought a stake in the


International Herald Tribune


, the article said. The


Times


owned the


Herald Tribune


jointly with the


Washington Post


until taking full ownership in 2003; in 2013, it renamed the paper the


International New York Times.


The company will eliminate or relocate about 70 jobs from a global workforce of 254, the article said.


Publisher Arthur Sulzberger, CEO Mark Thomposn and executive editor Dean Baquet said in a statement, “Without these changes, we do not believe that an international print


New York Times


is sustainable over the long term.” (Source:


Financial Times


, April 27, 2016.)

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