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BUSINESS
July 15, 1995 | STUART SILVERSTEIN and JOHN J. GOLDMAN, TIMES STAFF WRITERS
Times Mirror Co., seeking to cut costs, announced Friday that it will close New York Newsday, a 10-year-old daily that had enjoyed journalistic success but couldn't gain a profitable foothold in the city's intensely competitive newspaper market. The closing will lead to the elimination of 700 to 800 jobs, including positions both in New York City and Long Island, home of the paper's sister publication, Newsday. Combined, the city and suburban papers employ 3,200 workers.
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BUSINESS
July 21, 1995 | DONALD W. NAUSS, TIMES STAFF WRITER
A sign on the Detroit Pizza Factory, a hole-in-the-wall lunch spot downtown, shows where its loyalties lie as a strike against the city's two newspapers enters its second week: "We Do Not Serve Scabs." The blunt statement of support is meant to warm the spirits of about 2,500 striking drivers, reporters, mailers and pressmen who took to the picket lines July 13 when talks on a new three-year contract failed.
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BUSINESS
July 21, 1995 | DONALD W. NAUSS, TIMES STAFF WRITER
A sign on the Detroit Pizza Factory, a hole-in-the-wall lunch spot downtown, shows where its loyalties lie as a strike against the city's two newspapers enters its second week: "We Do Not Serve Scabs." The blunt statement of support is meant to warm the spirits of about 2,500 striking drivers, reporters, mailers and pressmen who took to the picket lines July 13 when talks on a new three-year contract failed.
BUSINESS
July 15, 1995 | STUART SILVERSTEIN and JOHN J. GOLDMAN, TIMES STAFF WRITERS
Times Mirror Co., seeking to cut costs, announced Friday that it will close New York Newsday, a 10-year-old daily that had enjoyed journalistic success but couldn't gain a profitable foothold in the city's intensely competitive newspaper market. The closing will lead to the elimination of 700 to 800 jobs, including positions both in New York City and Long Island, home of the paper's sister publication, Newsday. Combined, the city and suburban papers employ 3,200 workers.
BUSINESS
July 19, 1995 | From a Times Staff Writer
Faced with rising newsprint costs, flat first-half revenue and an uncertain Southern California economy, the Los Angeles Times is intensifying cost-cutting efforts and will reduce the company's work force by about 700 positions in 1995, Times Publisher Richard T. Schlosberg III said Tuesday. The newspaper has already eliminated 230 of those jobs, Schlosberg said in a letter to be distributed to employees today.
CALIFORNIA | LOCAL
July 1, 1993
President Clinton's haircut on Air Force One at Los Angeles International Airport caused no significant delays of regularly scheduled passenger flights, according to federal records obtained by New York Newsday. The newspaper reported that Federal Aviation Administration records show that an unscheduled air taxi flight had the only delay attributed to the closure of two runways for an hour before the departure of the President's plane May 18. The delay was 17 minutes.
BUSINESS
July 22, 1995 | THOMAS S. MULLIGAN, TIMES STAFF WRITER
Citing the California economic downturn that has steadily eroded advertising revenue, the Los Angeles Times on Friday announced the closing of eight specialized editorial sections, including the weekly World Report and Spanish-language Nuestro Tiempo sections, and the elimination of 150 editorial positions. The cuts are part of a broad restructuring that Mark H. Willes, the new president and chief executive of The Times' corporate parent, Times Mirror Co.
BUSINESS
July 20, 1995 | NANCY RIVERA BROOKS, TIMES STAFF WRITER
Times Mirror Co. on Wednesday unveiled a corporate overhaul to improve financial performance that will return the Los Angeles media company to its fundamental operations while eliminating more than 1,750 jobs at its newspapers. Besides the restructuring, which the company said will result in charges of "several hundred million dollars" in the second half, Times Mirror said it will close its multimedia division and buy back up to 10% of its common stock.
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