The New York Times will increase spending specifically on coverage of the incoming Donald Trump Donald John TrumpBarr criticizes DOJ in speech declaring all agency power 'is invested in the attorney general' Military leaders asked about using heat ray on protesters outside White House: report Powell warns failure to reach COVID-19 deal could 'scar and damage' economy MORE administration but plans to cut its overall budget this year, the newspaper's top editors revealed in a public memo Tuesday.



The budget cuts, according to executive editor Dean Baquet and managing editor Joe Kahn, will be targeted more on production and editing systems instead of journalism resources.





"Our job is to keep producing original, reported, boots-on-the-ground journalism, the best report in the world, so good it’s worth paying for," the editors write.The company also said it plans on earmarking an additional $5 million to produce more coverage of the incoming Trump administration.

"Has there ever been a story more tailor-made for The New York Times?" the memo reads. "Or a moment when our mission was more crystal clear?"



Trump has attacked the Times on multiple occasions, calling it a "failing" institution that covered him “with a nasty tone." But has also praised the paper of record after meeting with the paper's staff in late November, referring to it as “a great, great American jewel."