NEWARK – Owners of the Star-Ledger plan to close New Jersey’s largest newspaper by year’s end if production unions don’t make concessions in contract negotiations, the publisher said Wednesday.
In a letter to staff, publisher Richard Vezza said the company felt “pushed into a corner” by the unions, whose contracts expire in July. Vezza said they have until Sept. 27 to make compromises or else the paper will shut down.
“This is not a threat. This is reality,” Vezza said in an interview.
The paper’s website, www.nj.com, is owned by a separate company and will continue to publish “no matter what happens with the Ledger,” Vezza said.
Read more at http://www.philly.com/philly/business/20130627_Closing_of_Star-_Ledger_possible.html#bdzrJUzhQ0AOWDGl.99