Man Bites Dog: Newsday to Hire 37 Staffers

Cablevision's Newsday is looking to hire 37 employees to increase its local news coverage efforts.
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NEW YORK (

TheStreet

) -- Newsday, a subsidiary of

Cablevision

(CVC)

, is reportedly looking to hire 37 employees to increase its local news coverage efforts.

"In a big step forward on boosting our local coverage, during the next six months we will hire 34 new journalists for our newsroom and digital teams, and add 2,600 pages of additional news and opinion to our newsroom annually," editor-in-chief Debby Krenek said in a memo on Wednesday.

Krenek also said that in addition to 34 journalists, the editorial board is looking to add three new positions. Management wants to double the number of its Long Island news pages each day as well as expand its business section.

The newspaper currently has 300 employees in its newsroom. In recent years it has made some significant pay cuts and fired many employees. According to a report from

The New York Post

, some Newsday employees are wary of the hiring spree and are afraid that their paychecks will suffer on account of the new hires.

Also causing concern is the recent quarterly report from Cablevision that said its net revenues grew 5.8% but that strong gains at most of its segments were offset by a decline at Newsday.

Newsday's revenue in the second quarter was down 9.7% to $80.1 million from $88.7 million in the same period a year ago, primarily due to a 12.6% decrease in advertising revenue.

The New York City-based newspaper competes with rival news outlets such as

The New York Times

(NYT) - Get Report

and the

Daily News

.

The New York Times reported

its total revenue in the second quarter increased 1.2% to $589.6 million from 582.7 million and its advertising revenue only fell .2%.

Newsday currently has a daily circulation of about 330,000 and a Sunday circulation of around 400,000.

-- Reported by Theresa McCabe in Boston.

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