Scoop: New York Daily News plots local comeback – Axios

Photo: Tom Williams/CQ Roll Call
The New York Daily News plans to shift its coverage priorities toward producing more local content about issues impacting New York City, according to a memo sent to staff Tuesday morning by the paper's executive editor Andrew Julien and general manager Michael Gates.
Why it matters: The memo praised the support for its strategy from its new owners, Alden Global Capital, a hedge fund known for cutting journalists at local papers to maximize profits.
Catch up quick: The Daily News was once one of the most powerful tabloids in the country and one of the largest newspapers by circulation. Today, it finds itself trying to reemerge from decades of financial trouble at a time when print newspapers face greater challenges than ever before.
In the memo sent to staffers, Julien and Gates praised those recent efforts, writing: "By joining the nationwide trend of newspapers outsourcing production, and by vacating our underutilized facility in Liberty View, we have identified an economically sustainable path that allows us now to make meaningful re-investment in the journalism our readers depend on."
What's next: The company plans to expand the number of pages in its daily print edition by about 16% by adding more local news content (roughly eight additional pages), according to a source familiar with the company's plans.
The big picture: The Daily News sees an opening to cover its hometown in the wake of a few larger, national publications pulling back in print, sources told Axios.
Yes, but: It's hard to say whether a newfound commitment to local news will help the paper compete for eyeballs, especially amid a resurgence of local digital outlets in the city.
Between the lines: It's also unclear how much the company actually intends to invest in its newfound local expansion mission, despite the optimistic memo.
Flashback: In August, the New York Daily News union tweeted that 12 journalists, about 20% of the paper's roughly 60-person newsroom, resigned over the summer.

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