With the deadline for accepting the buyout package offered by the New York Times looming, the paper’s top editors are bracing for what Daily Intelligencer describes as “a three-year plan to downsize the company as it migrates to a new business model.” That plan involves realignments as well as staff and budget cuts.
According to rumors, Jill Abramson is “begging and pleading” with editors to accept the buyout so that they don’t have to make too many cuts. Those feeling the heat the most include John Geddes, Rick Berke, Gerry Marzorati, Jim Roberts and Susan Edgerly.
In the wake of the bloodletting, Larry Ingrassia, who recently departed as editor of the ‘Biz Day’ section, will rise to take a powerful leadership position atop a much-reduced masthead. His job will consolidate the roles of outgoing editors, including oversight of new digital and branding initiatives, conferences, and events.
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