New York Wall Street Journal Comes at an Awkward Time for New York Times

Photo: http://www.flickr.com/photos/23744134@N08/3424787909/

So, it seems that New York Times Executive Editor Bill Keller has fallen short of his goal of clipping 100 newsroom jobs off the payroll this year. According to the New York Post, it seems as though only 50 unionized newsroom employees agreed to take buyouts so far. Last Monday, Times executives were forced to make the choice for the remaining lot who had yet to make a decision before the deadline.

In addition, according to the New York Observer, the Times staff plans on cutting an estimated 70 of its blogs from the homepage.

Cue Rupert Murdoch, the quintessential media boogeyman who always seems to be lurking behind every corner of the news industry. This April, the News Corp. giant plans to launch a New York City edition of his Wall Street Journal headed by John Seeley, a former editor of the New York Sun. The $15 million price tag will go towards the creation of a sparkling new newsroom and marketing staff.

With the new staff covering a range of topics from local politics to culture and sports, things could soon get heated between the Wall Street Journal and the Times.

On that note, who knows what other news organizations will attempt similar ventures in the future? I mean, the Wall Street Journal has a stake in the San Francisco Bay area and the New York Times launched its Chicago edition just last month.

I also remember reading not too long ago that the owner of Politico plans to launch a local Washington news website that may soon be competitive with the Washington Post. How long will it be before the Washington Post dips its feet in the New York scene, as well? How long will it be until Patch.com takes over the world?

With the Times Metro section reduced to a greatly distilled version of its former self and New York Newsday long dead, one has to wonder what this will mean for the future of journalism in New York City?

Will those employees squeezed out of the Times find a new home with Seeley and Murdoch and compete directly with their former colleagues and editing staff?

Hmm.

Things could soon get very interesting on the streets of New York.

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