The Wall Street Journal will debut a newly formatted version of its print edition starting Nov. 14, which will combine several sections and reduce the size of some coverage areas as the paper copes with an accelerating industrywide decline in print advertising.
Editor in chief Gerard Baker announced the changes to staff in a memo Wednesday. As a result, the paper will feature fewer pages with less space dedicated to coverage of arts, culture and New York news.
“All newspapers face structural challenges and we must move to create a print edition that can stand on a sound financial footing for the foreseeable future while our digital horizons continue to expand,” Mr. Baker wrote in the memo.
The paper has already offered buyouts to all staffers and warned of possible layoffs.
The deadline to request a buyout was earlier this week, and a company spokeswoman declined to say how many people had applied. The Independent Association of Publishers’ Employees, the labor union that represents a significant number of staffers in the U.S. and Canada, said it was aware of 48 unionized employees whose buyout requests were accepted.
The new version of the print Journal will feature just two bigger sections on Tuesdays, Wednesdays and Thursdays, with a third section on Mondays and Fridays. The weekend edition of the paper will remain unchanged.
What will Hillary do now that her left wing media arm is one step closer to shuttering the doors?
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