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NY Times to Cut 500 Jobs

The New York Times Co. said Tuesday it would cut about 500 jobs, some 4 percent of its workforce, as part of a continuing effort to cut costs, the AP reports. This week's cuts come after nearly 200 jobs were cut in May. The Times said it expected that 250 positions at its main newspaper group would be affected, including the Times, the International Herald Tribune and the online operation of the Times - with about 45 cuts from the Times' newsroom.

Some 160 jobs will be cut from the Times's New England operation (The Boston Globe, Worcester Telegram & Gazette and Boston.com); 35 newsroom jobs will be cut at The Boston Globe.

The same day, The Philadelphia Inquirer and sister newspaper Philadelphia Daily News said they would together eliminate 100 newsroom jobs because of lower circulation and revenue. Both newspapers are owned by Knight Ridder, the nation's second-largest newspaper company.

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