Star-Ledger to close in early 2009?
Editor and Publisher reports that Newark, N.J.'s The Star Ledger is facing a possible sale or closure.
In an email to employees, Publisher George Arwady said that if 200 employees did not accept previously-offered buyouts by the Oct. 1 deadline, the paper would be forced to put itself up for sale. Barring a sale, it would be forced to closed down on Jan. 5, 2009.
In addition to the buyouts, the paper says it needs to restructure union contracts with its drivers and mailers. Arwady said in the email that the mailers were making progress towards this goal, but that the drivers were not.
For more, click here.
In an email to employees, Publisher George Arwady said that if 200 employees did not accept previously-offered buyouts by the Oct. 1 deadline, the paper would be forced to put itself up for sale. Barring a sale, it would be forced to closed down on Jan. 5, 2009.
In addition to the buyouts, the paper says it needs to restructure union contracts with its drivers and mailers. Arwady said in the email that the mailers were making progress towards this goal, but that the drivers were not.
For more, click here.
posted by Travis at
9/16/2008 02:06:00 PM
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