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New York Times Co. plans job cuts

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New York--The New York Times Co. said it will cut up to 9% of its work force, or roughly 1,200 of its 14,000 workers, this year to cope with declining ad revenue. The company, which announced in April it would begin reducing staff, said it plans to meet Wall Street earnings projections for the year through measures such as increasing prices, cutting back on newsprint use and phasing out part of its Internet operations.
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