News Corp Announces Plan to Shift New York Printing
16 Settembre 2020 - 8:00PM
Business Wire
News Corp announced today that it plans to shift the printing of
several of its publications in New York to a different facility in
the city, a move which will help cut costs and secure production of
print editions of The Wall Street Journal, Barron’s and the New
York Post for years to come.
Under the change, the publications would be printed at The New
York Times’ College Point plant in Queens. This plan would result
in the closure of the company’s Bronx Print Plant, where the
publications are currently printed. Financial details of the
arrangement were not released.
The company has notified the leadership of the unions
representing the employees at the Bronx Print Plant about the plan,
and is entering into a period of negotiation with the unions. While
the process is underway, the publications will continue to be
produced at the Bronx plant.
The Bronx Print Plant produces daily print copies of the Journal
and The Post, along with Barron’s weekly. All three are also
printed in a number of other locations around the country. The
Journal and The New York Times are currently printed together at
plants in Florida, Pennsylvania, Texas, Illinois, Colorado, Utah
and California.
The decision is part of News Corp’s ongoing process of
simplifying the structure of the company, which sold its News
America Marketing and Unruly businesses within the past year. In
August, News Corp began presenting Dow Jones as a separate segment
in its quarterly earnings announcements for the first time. Dow
Jones produces the Journal and Barron’s, as well as Factiva,
MarketWatch, Mansion Global, Financial News, Dow Jones Risk &
Compliance and Dow Jones Newswires.
“This is a difficult but important step towards safeguarding our
journalism and securing the printing of our publications well into
the future,” said Almar Latour, CEO of Dow Jones and Publisher of
The Wall Street Journal. “We have been moving rapidly to a more
digital environment, and while demand for digital is growing, we
also serve an important community of loyal readers who love the
print experience. We’re committed to providing customers with our
trusted news and analysis in the format they prefer.”
“This decision is not an easy one, and we are grateful for the
steadfast help of everyone associated with the Bronx Print Plant in
producing and distributing our publications every day,” said Sean
Giancola, CEO of the New York Post. “With this change, we can help
move The Post farther along the path to profitability, which has
been accelerated recently due to higher traffic to the Post Digital
Network, growing digital ad revenues, a price increase and
additional cost-savings measures.”
The Bronx Print Plant has more than 400,000 square feet, located
on a 16-acre site in the Port Morris section of the Bronx, and was
opened in 2001. News Corp will be examining options for the future
of the plant.
About News Corp
News Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) is a global,
diversified media and information services company focused on
creating and distributing authoritative and engaging content and
other products and services. The company comprises businesses
across a range of media, including: digital real estate services,
subscription video services in Australia, news and information
services and book publishing. Headquartered in New York, News Corp
operates primarily in the United States, Australia, and the United
Kingdom, and its content and other products and services are
distributed and consumed worldwide. More information is available
at: http://www.newscorp.com.
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News Corp Investor Relations
Michael Florin 212-416-3363 mflorin@newscorp.com
News Corp Corporate Communications
Jim Kennedy 212-416-4064 jkennedy@newscorp.com
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