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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