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Business

News Corp to shut major NY print facility

News Corp, the mass media and publishing company owned by Rupert Murdoch, has revealed that it is to close one of its printing facilities in New York and shift production of certain major publications to another site.

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Production of The Wall Street Journal, Barron’s and the New York Post will move to News Corp’s print facility in Queens, New York

The Bronx Print Plant is set to shut down, the News Corp currently in talks with unions over its plans for workers. Opened in 2001, the facility is spread over more than 400,000sq ft and runs a wide range of print kit.

The closure will see production of The Wall Street Journal, Barron’s and the New York Post – regarded as some of the leading publications in the world – moved to The New York Times’ College Point plant in Queens.

Publications will continue to be produced at the Bronx plant while talks with the unions continue.

News Corp says the decision is part of its ongoing process of simplifying the structure of the company, which sold its News America Marketing and Unruly businesses in the past year.

This is a difficult but important step towards safeguarding our journalism and securing the printing of our publications well into the future

Almar Latour, chief executive of Dow Jones and also publisher of The Wall Street Journal, comments: “This is a difficult but important step towards safeguarding our journalism and securing the printing of our publications well into the future.

“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.”

New York Post chief executive Sean Giancola adds: “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.”

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