OLD Media Moves

Gray Lady said to be preparing stock listings cut

March 13, 2006

The New York Times is said to be considering a dramatic cut of its stock listings on the business section on Monday through Friday in exchange for some sort of Web system that provides stock prices, according to this post.

Stock listings take another hitThe change will likely occur on April 1, which is not an April Fool’s joke. The paper would be the largest to cut stock listings this year. Other major papers to cut stock listings include the Atlanta Journal-Constitution, Chicago Tribune, Newsday, Orlando Sentinel, Rocky Mountain News and Providence Journal.

The Deadline Hollywood Daily states, “In the paper will be a very limited 1 1/2 pages, trimming those thousands of stock tables to just hundreds. Plans are being finalized what to do on the weekends. Newspaper industry sources tell me that this could represent a $10 million savings to the NYT in newsprint costs and editorial space: “The way for papers to save money short of getting rid of people is to get rid of stock pages.” For years, the nation’s 900+ newspapers have run the AP’s stock tables, so the trend is going to hurt non-profit AP’s revenues.”

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