Advance Publications looking to consolidate its New Jersey newspaper properties
The Star-Ledger reports Advance is at how to make their daily and weekly properties work together
The Star-Ledger reported this afternoon (ThursdaY) that Advance Publications is looking at the paper, its website and the 10 other newspaper properties it owns in the state, and considering consolidation. In addition to the Star-Ledger, Advance also owns three dailies, the Jersey Journal, the Times of Trenton and the South Jersey Times, as well as seven weekly newspapers.
“We’ve got a big daily newspaper, some smaller dailies and several weeklies and an online company,” Star-Ledger publisher Richard Vezza said. “Right now there’s channel conflict between them. How do we work together? How do we do better?”
The Star-Ledger recently reached a deal with the union representing its production employees which resulted in $9 million in cost savings, according to the union spokesman. Now the union may have to deal with staff cutbacks.
Advance has been cutting back on the number of days its delivers a newspaper to subscribers in places like New Orleans, Alabama and Oregon. In June of last year the company announced that 600- jobs would be eliminated at its southern newspaper properties as the company began to employ a shrink-to-succeed strategy to turn around its fortunes. The size of the newsroom at The Birmingham News was reduced by 60 percent, for instance. In Portland, the ax fell in June off this year as the newspaper reduced its home delivery to four days and made cuts to staffing.