Worldwide financial crises make for strange bedfellows. In attempt to weather the industry-wide tsunami five New York daily papers have agreed to share editorial content.

The New York Daily News, Albany Times Union, The Record (Bergen Co., NJ), The Buffalo News, and The Star-Ledger have formed something they are calling the Northeast Consortium. Says Marc Kramer, CEO of the New York Daily News: “As the Northeast Consortium, our publications will assist each other in gathering news, sports and features materials, giving our readers access to more and expanded content from the top newspapers in each of the respective markets.”

No word yet whether this pooling of resources will result in layoffs or whether it’s just another original way to keep them from happening. Full release after the jump.

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