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Updated Thursday, June 19, 2008 0:00 am TWN, CNA

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China Times newspaper to downsize, cut staff

TAIPEI, Taiwan -- The China Times, one of the four largest Chinese-language newspapers in Taiwan, will cut staff and the number of pages in the paper due to the market recession, China Times President Lin Sheng-fen said yesterday.

Lin also disclosed that the newspaper will be transformed into an “elite” daily, but said that concrete plans for its downsizing will not be publicized until mid-July.

Asked by reporters whether the paper will lay off 450 to 600 employees, Lin declined to give any specifics, saying only that personnel adjustments will be made in keeping with the law.

The China Times was founded in 1950 under the name Credit News and focused mainly on price indices. The name was changed Jan. 1, 1960 to Credit Newspaper, a daily with comprehensive news coverage. On Sept. 1, 1968, the name was changed again, this time to China Times.

China Times ranks with the Liberty Times, United Daily News, and Apple Daily (Taiwan) as one of the four top newspapers in Taiwan in terms of circulation.

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