After weeks of rumors, New York Daily News Editor-in-Chief Arthur Browne revealed Thursday that the paper will be making deep cuts in its editorial staff, The New York Post reports.
Browne said he will first seek volunteers before, if necessary, resorting to layoffs.
“Sources earlier said that Mort Zuckerman’s paper — which reputedly lost $30 million last year — was looking to shave $6 million in costs through a combination of staff cuts and real estate moves,” The Post reports.
In an internal email Thursday announcing the cuts, Browne reportedly wrote: “I am deeply pained to write this letter but nowhere near as pained as you will be to read it.”
He went on to say in the email: “As you know only too well, the economics of journalism are brutalizing media organizations across the country and beyond. Revenue that was once taken for granted is long gone, forcing the industry to evolve rapidly. Although the Daily News has made remarkably successful strides, we must move still more quickly to serve a growing readership.”