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26 September 2005

The internet ate my job

Bad news at the New York Times group, where 500 staff may be about to lose their jobs. The group claim that the cuts are unavoidable as too many of their younger readers are now getting their news from the internet instead of papers, a readership problem compounded by a fall in ad revenue as the readership presumably becomes less valauble to advertisers. 45 editorial staff are to go from the NYT editorial department, which will make a pretty big hole, regardless of the group's claim that it won't hit editorial standards. More at Silicon.com

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