“You all know the paradox we find ourselves in,” Times Editor Russ Stanton said in a memo to the staff. “Thanks to the Internet, we have more readers for our great journalism than at any time in our history. But also thanks to the Internet, our advertisers have more choices, and we have less money.”

The cuts reflect conditions across the newspaper industry, which is confronting sharply deteriorating print advertising revenues. Although online ad revenues are rising, they have not made up for the losses. Amid the current nationwide economic slowdown, the prospects are for continued revenue shrinkage through the end of this year.

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