The New York Daily News, the city’s scrappy, 99-year-old tabloid, is laying off half of its editorial staff, as U.S. newspapers continue to struggle with sharply declining advertising revenue and readership, it said on Monday. The cuts at the Pulitzer Prize-winning daily paper, known for eye-catching front-page headlines and taking on the city’s power players, including real estate developer Donald Trump long before he was elected president, drew criticism from both average readers and politicians who bristled at how the paper covered them. Owner Tronc Inc said the cuts are intended to make the paper a stronger competitor …read more
Source:: Yahoo Finance
