6/15/14

Widespread Layoffs at CNG

According to Capital New York, News Corp's local newspaper chain Community Newspaper Group was hit with widespread layoffs last week in advance of a pending sale.

According to CNG sources, the division has either been sold or soon will be. In either case, there were layoffs throughout the organization. The total number is unclear, but Brooklyn Paper publisher Celia Weintrob and CNG marketing vice president James Spielman were among them.

Capital first reported in December that CNG, which includes The Brooklyn Paper and the Brooklyn Courier, was for sale. Rumored new owners include Long Island-based Richner Communications.

No longer cushioned by Fox News and 20th Century Fox, Rupert Murdoch's global media conglomerate News Corp is now focused on its big titles, like the Wall Street Journal and New York Post.

Brooklyn Paper, bought in 2009, is part of the 11-paper portfolio making up CNG, which is headquartered at MetroTech Center.

Like other local papers, CNG titles, which have a combined circulation of 250,000, have been steadily losing classified advertising for the last 10 years.

The article from Capital New York.

CNG sold to the Goodsteins [WSJ.]

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