Latest info is that altice is going to sub contract out the printing of the newspaper. Printing at Melville is gone. Along with all. Those jobs. I'm sure they will be moving out of the building next.
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Newsday eyes major downsizing
By: David Winzelberg -- November 7, 2017
Executives at Long Island’s daily newspaper are exploring a major downsizing that would outsource its printing and distribution operations and could result in the loss of at least 200 jobs.
According to an email sent by management to its employees on Friday, Newsday could leave its Melville headquarters “sometime next year” after it contracts its printing and distribution to another company. Sources say the newspaper has been in discussions with The New York Times to have Newsday printed and distributed at the Times’ College Point facility.
The move would jettison a majority of union employees, including press operators and truck drivers, belonging to the Graphic Communication Conference of the International Brotherhood of Teamsters Local 406-C.
Officials at the union have not yet responded to a request for comment, however LIBN has learned that a meeting of its members is scheduled for Wednesday to discuss the situation.
Paul Fleishman, Newsday’s vice president of public affairs, said via email:
“We are in the very early stages of conversations with the union leadership about exploring these possible changes and it is premature to predict how they will play out.”
At least two thirds of the more than 300,000-square-foot Newsday headquarters on Pinelawn Road is used for printing and distributing the newspaper with a daily print circulation of around 229,000, which has been declining in recent years. Newsday’s print circulation has dropped 24 percent since 2014, according to numbers reported by the paper to the U.S. Postal Service.
Newsday leases the sprawling complex on nearly 50 acres from the Tribune Company and its lease is set to expire in early 2019, according to real estate industry sources. The newspaper has been headquartered there since 1979.
Newsday officials have been looking for office space along the Route 110 corridor that would house its editorial, advertising and administrative staff as part of the downsizing. According to the email sent to its employees, the move would allow the paper to “relocate to a more cost-effective and up-to-date” space.
Newsday’s union members are coming to the end of the four-year contract they agreed to in Oct. 2013, which resulted in the elimination of 25 truck-driver jobs.
In June 2016, Altice acquired Bethpage-based Cablevision Systems, Newsday’s former owner, for $17.7 billion. A month later, an entity led by former Cablevision executive Patrick Dolan acquired a 75 percent stake in Newsday and some of its sister publications such as amNew York from Altice, which retained a 25 percent interest in the company.
Altice has since been consolidating its presence here, relocating most of its operations to Long Island City. About 500,000 square feet of Altice office space in Jericho, Woodbury and Melville is currently being offered for sublease, according to real estate sources.
http://libn.com/2017/11/07/newsday-eyes-major-downsizing/
I am sure Altice cannot make that decision, they only own 25% of Newsday... Which means they have little to no say about Newsday operations
Did the Dolan's sell their share back to them? They bought back 75% of NEWSDAY in 2016 and left Altice with 25%. Not sure they would do this without approval or it was all sold back to them
This Company is a Monster !!! Killing all jobs in its path !!!!