New York Times to shut Paris editing, press operations
April 26, 2016 21:55
The New York Times announced cutbacks today to its longtime European hub in Paris, with plans to close its editing and print production operations in the French capital.
Those functions will be combined into the Times's New York and Hong Kong operations, resulting in the loss of 70 Paris jobs, either through elimination or relocation, it said.
The move comes as part of a redesign of the international print newspaper "to make it better, more relevant and crucially, more economically sustainable in an increasingly digital world," according to an internal memo sent to the staff of The International New York Times.
"Without these changes, the international paper's future would be uncertain at best," the memo said.
The Times is now prioritizing growth in digital media, aiming to boost its international subscriber base, according to the memo.
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