The New York Times Continues to Shrink

By Trey Thoelcke Published Dec 4, 6:34AM EST

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The New York Times Co. (NYSE: NYT) continues to shrink, and eventually it may have a news staff that simply is not large enough to cover all of the subjects that the paper does now. That will leave management with touch decisions about which coverage can be abandoned and which is more essential. According to the New York Post:

“The economic environment has grown more difficult in the second half of the year and I must reduce costs in the newsroom,” said Editor-in-Chief Jill Abramson in a memo announcing the cuts yesterday.

Abramson said the Newspaper Guild also asked that its newsroom, security and ad-makeup members also be offered a chance to take early retirement packages and the company is extending the offer to them as well.

Shares of the New York Times Co. are inactive in premarket trading but closed up fractionally yesterday at $8.12, in a52-week range of $5.88 to $11.06.

Douglas A. McIntyre

About the Author Trey Thoelcke →

Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.

Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.

Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.

Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.