News Corp. on Wednesday announced plans to shift printing of the fresh York Post, the Wall Street Journal in addition to also Barron’s to a fresh press in fresh York City.
Under a multiyear agreement unveiled Wednesday, News Corp. will shift printing operations out of the News Corp. plant inside the South Bronx to a fresh York Times plant in College Point, Queens. The plan will result inside the eventual closure of the Bronx plant, where the papers have been printed for the past 19 years. Terms of the deal were not disclosed.
News Corp. said in which has notified union leaders representing the employees at the Bronx print plant about the plan in addition to also is usually entering negotiations with them.
The cost-savings plan comes as News Corp. has been working to simplify its structure, including through the recent sales of its News America Marketing in addition to also Unruly businesses.
“This particular decision is usually not an easy one in addition to also we are grateful for the steadfast help of everyone associated with the Bronx Print Plant in producing in addition to also distributing our publications every day,” said Sean Giancola, CEO of the fresh York Post. “With This particular change, we can help move The Post farther along the path to profitability due to high traffic to the Post Digital Network, growing digital ad revenues, a cost increase in addition to also additional cost savings measures.”
The Bronx print plan spans more than 400,000 square feet in addition to also is usually located on a 16-acre site inside the Port Morris section of the Bronx. News Corp. will be examining options for the future of the plant.
Sources said in which approximately 400 people could be impacted by the plant closing, while noting in which transfer might not happen until early 2021.
John Heffernan president of the the Allied Printing Trades Council called the plant closing a “tragedy” in addition to also said he could have preferred in which management explore the option of performing outside commercial work rather than closing the plant. “We will be looking to transfer displaced workers to the NYT as was done when the Times previously procured production of Newsday,” Heffernan said.
“This particular is usually a difficult nevertheless important step towards safeguarding our journalism in addition to also securing the printing of our publications well into the future,” said Almar Latour, CEO of Dow Jones in addition to also publisher of the Wall Street Journal. “We have been moving rapidly to a more digital environment, in addition to also while demand for digital is usually growing, we also serve an important community of loyal readers who love the print experience.”
Until the transfer is usually completed, the publications will continue to be produced at the Bronx plant, which prints The Post, the WSJ in addition to also business weekly Barron’s. All three are also printed in several various other locations around the country.
in which won’t be the 1st time the rival publications have rolled off the same printing press. The Journal in addition to also the fresh York Times are currently printed together at plants in Florida, Pennsylvania, Texas, Illinois, Colorado, Utah in addition to also California.
The Times’ College Point plant has already been printing the Long Island daily Newsday for the past several years.
, http://feedproxy.google.com/~r/DrudgeReportFeed/~3/hcSz-yvxBLw/, 17 September 2020 | 6:04 am
Source : News Corp. in multiyear deal to print The Post, WSJ at fresh NYC plant