SYRACUSE — Scotsman Media Group of Syracuse is ending publication of its Pennysaver newspapers and as a result is cutting 60 jobs, or about one-third of its workforce.
Publication of the Pennysavers ended with Sunday’s edition, according to a news release Scotsman issued today. The publishing and printing company published its first Pennysaver in 1954.
Scotsman will continue to provide commercial printing and distribution services. Publications including the Valley News, Today’s CNY Woman, Vacationer, and others will continue, the company said.
(Sponsored)
The Pay Transparency Laws Become Effective On September 17th. Are You Ready?
Later this month New York will join a handful of States in the US which require greater transparency in wages. In December 2022, the Governor signed into law new wage
Maximizing Tax Benefits for Energy-Efficient Buildings
The Inflation Reduction Act (IRA) of 2022 significantly enhanced the Section 179D deduction, making it even more valuable for businesses investing in energy-efficient commercial building property (EECBP) and energy-efficient commercial
The firm is closing its Auburn and Cortland offices. Most of the employees at those locations lost their jobs, according to the news release. Scotsman also cut jobs at its offices in Syracuse, Fulton, and Chenango Bridge offices.
“Many factors led to the downturn in the company’s Pennysaver business including, but not limited to, a myriad of other advertising alternatives in the market,” Scotsman President William Veit said in the release. “While continued rejuvenation of the Pennysaver product line to better meet advertiser expectations was given consideration, it was decided it would be wiser to redirect our people and resources to focus on our core strengths and more profitable businesses.”
Editor’s note: Scotsman prints The Central New York Business Journal.
Contact Tampone at ktampone@cnybj.com
