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Athens, GA (Sept 10, 2008) - The New York Observer has reported (found via a link on PoynterOnline), that the New York Times will be eliminating a separate sports section in a move expected to save US$5 Million a year:

But in these difficult times, journalistic success is not a protection against the inevitable downscaling affecting the newspaper industry. Just five days earlier, Times publisher Arthur Sulzberger Jr. informed the staff that starting in October, for four days a week, the sports section would lose its stand-alone section, and would be tucked inside the business section

...

“The aim, of course, is to save money—and, importantly, to do it without cutting back coverage,” wrote Mr. Keller in a follow-up memo to the announcement by Mr. Sulzberger.

Of course they could also save money by going back to black and white photos only.

Related Link(s)

• The New York Observer: For Times 'Gold Medalists,' A Place in the Back Pages
  
  
• PoynterOnline: NYT expects to save up to $5M/year by combining sections