New York Times, News Media | featured news

USA Today suffered a steep drop, losing the top spot in weekday circulation for the first time since the 1990s to The Wall Street Journal. The New York Times’ weekday circulation fell 7.3 percent.

The New York Times said on Monday it would cut 100 newsroom jobs through buyouts or layoffs as it tries to counter lost advertising revenue.

The paper's owner, New York Times Co., has threatened to shut it down unless its unions make $20 million in concessions.

A five-part Los Angeles Times series on the futility of government efforts to quell the growing threat of wildfires won a Pulitzer Prize on Monday, and the New York Times claimed five of journalism's highest awards in a year that recognized the watchdog function of the press even as newspapers struggle to survive.

New York Times reported a lower fourth-quarter profit as an advertising slump continues to erode its capital base. The publisher's revenue fell 11%.