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The Trunk press group announced that it would drop half of the New York Daily News, which it bought less than a year ago for $ 1, according to variety.com .
Half of the employees of a centennial publication were fired after the takeover of the company. The new owners have kicked out key people
The announcement was made in an internal email sent to employees, according to company sources.
According to the New York Post, Daily News had only 85 employees by the announcement made on Monday
The layoff plan was implemented less than a year after the announcement. purchase of the title for $ 1 per Trunk, which also holds the Chicago Tribune and Baltimore Sun publications.
Transaction, Daily News has gone through several waves of layoffs, including some of its major editorialists.
According to industry experts, the title has lost annually, on average, 20-30 million dollars in recent years. The New York Daily News was overtaken by the other two local headlines, The New York Times – which has gained readers from other regions – and The New York Post, controlled by News Corp. Rupert Murdoch, who grew up a lot online
Established in 1919, until recently, the New York Daily News is a bitter critic of Donald Trump
New York Governor Andrew Cuomo told the platform Twitter microblogging form that Trunk's decision meant "losing an important institution."
New York City Mayor Bill de Blasio, who often disagreed with the publication, said: on the same platform as the decision "The problem of the elimination of the editorial is bad for local politics and a disaster for the city ". He added that Trunk should sell the title of someone an employee in favor of local journalism.
Among the sacked included editor-in-chief Jim Rich and chief editor Kristen Lee
Trunk bought NY Daily News in the fall of last year, from real estate mogul Mortimer Zuckerman, owner of 1993 newspaper when he bought it for $ 36 million
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