The Daily News is reducing its work force by 12 full- and part-time employees and by three independent contractors.
That’s a little less than 10 percent of the company’s work force.
“Our company is profitable and stable and essentially debt free, and it will remain so,” President and Publisher Dolph Tillotson said. “However, the trend lines for revenue and profit were not encouraging for the foreseeable future, and that led me personally to make a decision that we needed to act now rather than delay further.”
