The Tampa Bay Times announced today that they will be decreasing how often their printed newspaper will be made available to reduce production costs. Beginning next week, the paper will only be printed and delivered to customers every Wednesday and Sunday, however their online version will continue to be updated and is available daily. In addition to their website, their electronic replica looks exactly like the printed version of the newspaper.
These unfortunate changes come after losing more than $1 million in advertising. Marketing makes up more than half of the paper’s revenue, and as the economy has been so impacted by the coronavirus pandemic, sales have plummeted, causing retailers to cancel their previously scheduled advertisements.
The Times also announced due to the decrease in production of printed papers they must begin staff furloughs next week as well.
The Tampa Bay Times is an independent paper, “rooted in Tampa Bay, for more than a century, the Times has been an advocate for the community, in good times and bad.” The paper remains optimistic that the epidemic will ease and things will begin to return to normal soon, but until then they are hopeful their electronic newspaper edition and “thorough and up-to-date coverage” will continue to keep their readers informed and satisfied during these difficult times.