Rupert Mudoch’s New York Post suffers from losses, cuts, falling sales and low morale
Staff increasingly concerned about the paper’s future
Will the New York Post be the first of new News Corporation’s newspaper casualties? Rupert Murdoch’s feisty tabloid is said to be losing somewhere near $100m (£65m) a year.
It is selling barely 500,000 copies a day, of which more than 200,000 are digital editions. Over the course of the past year it has lost almost 10% of its sale.
And its newsroom has been hit by a round of redundancies, sapping internal morale. Meanwhile, it would appear that its editorial content is no longer setting the agenda.
According to David Freedlander, writing for the Daily Beast, the Post “has lost a little of its bite of late.”
He also picks up on a statement last month by News Corp’s chief executive, Robert Thomson, about the paper needing to reframe itself to compete with the popular breaking news site BuzzFeed.
Freedlander quotes one staff member as saying: “That is all well and good, but the website is run by three men and a donkey.”
Staffers, concerned about the paper’s immediate future, also say there is belief that the Post may stop printing altogether now that it doesn’t have the cushion of the profits made by the company’s lucrative entertainments businesses.
Freedlander reports that one Post writer told him of receiving emails whenever movies produced by 20th Century Fox were box office hits.
He quotes the writer as saying: “When Avatar made all that money, you would get a weird email from Rupert about it. It is not like anybody can wonder who is paying the bills.”
Source: Daily Beast
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