May 26, 1989 |
Jane Amsterdam, editor of the New York Post for 11 months, has quit her $200,000-a-year job after cutbacks in the floundering Sunday section, two of the newspaper's competitors reported today. A spokesman for the Post, Howard Rubenstein, would neither confirm nor deny the reports and he said Post owner Peter S. Kalikow would have no comment. Amsterdam's secretary at the Post said Amsterdam was not in the office today and was not expected. The secretary said all calls on the subject were being forwarded to Rubenstein.
May 27, 1989 |
Jane Amsterdam, editor of the ailing New York Post for less than a year, was reported Friday to have quit her $200,000-a-year job, but a spokesman for the tabloid said "she has neither resigned nor been fired." Amsterdam's office was empty Friday and efforts to reach her were unsuccessful. The Post, sold last year by media magnate Rupert Murdoch to real estate developer Peter S. Kalikow, has lost millions of dollars over the last decade and is currently believed to be suffering heavy losses from a recently introduced Sunday edition.
February 8, 1988 |
Rupert Murdoch agreed Sunday to sell the New York Post to real estate developer Peter S. Kalikow for a reported $37 million, but the deal is conditioned on Murdoch winning "sweeping" concessions from the newspaper's unions. Murdoch, the native Australian who has lost dozens of millions on the Post since 1976, expects to begin meeting with union leaders today to seek "significant reductions in labor costs" that Kalikow finds satisfactory. Kalikow reportedly wants concessions worth $20 million.
February 9, 1988 |
Rupert Murdoch told union leaders Monday that his effort to sell the New York Post will fail, and the newspaper will close by the end of next week unless employees agree to a 12% pay cut and other concessions totaling $24 million over three years. "At this point, whether or not the Post survives is entirely up to the cooperation from our unions," Murdoch said in a statement issued after he met briefly with union leaders. "If Feb.
December 18, 1991 |
Like a pair of bloodied prizefighters, the New York Daily News and the New York Post traded charges about each other's financial health Tuesday in the latest volley in a long-running tabloid war that one or both will likely lose. The News, in an article headlined "POST IS CRYING FOR CASH," reported that its rival's publisher, Peter S. Kalikow, "is scrambling for $5 million to help the tabloid pay its bills."
September 15, 1990 |
The owner of the New York Post has agreed to delay by three days his threat to close down the brassy tabloid to give a union time to vote on a proposal to stem its $20-million-a-year losses. Peter S. Kalikow, who has lost more than $100 million on the paper, delayed the threatened shutdown to allow the paper's Newspaper Guild to present a giveback proposal to its 352 members Monday evening.