SLEDGER, ‘ON LIFE SUPPORT,’ MAY BE SOLD
New Jersey’s largest daily is “losing a battle to survive,” its publisher says.
The Star-Ledger, New Jersey’s largest newspaper, has to shrink its payroll by 200 jobs and retool two union contracts by October 1 or it will have to be sold, the Newark-based paper reports its publisher told staffers today.
Amid an historic disruption in the newspaper industry as advertisers and readers flock to the web and cable TV for information, the newspaper is “on life support,” publisher George Arwady is reported to have told a stunned meeting of employees this morning.
The paper, he said, is “losing a battle to survive.”