Union Chief Optimistic About Star-Ledger Future
Friday, July 05, 2013
New Jersey's largest newspaper, the Star-Ledger in Newark, has been making headlines itself and raising concerns about the future of a Pulitzer-winning publication.
The Star-Ledger's publisher Richard Vezza has said he would have to shut down the paper in December if $9 million in concessions were not made by the unions. Last year, the Star-Ledger lost nearly $20 million and is on track to lose the same amount this year. This week, the publication revealed its headquarters building is up for sale.
Shown also said that selling the Star-Ledger's mostly empty building makes good business sense. Union discussions continue July 12th.