Gannett to Cut 1,000 to 2,000 Jobs
Posted on July 11, 2009The Wall Street Journal reports that Gannet Co. plans to cut between 1,000 and 2,000 jobs from its U.S. Community Publishing division. No jobs cuts will come from USA Today.
The Wall Street Journal says Gannett also cut 4,600 jobs in 2008. Editor & Publisher reports on the Gannett newspapers making staff cuts.The cuts will come from the U.S. Community Publishing division, which consists of Gannett's more than 80 local dailies, the person said, and won't affect the company's flagship, USA Today. The exact number of jobs to be cut wasn't clear. The cuts will be disclosed in the next few days.
Gannett, which like most newspaper publishers is suffering from steep advertising declines, cut about 10% of its work force last year. The company was expected to make additional cuts after a dismal first quarter, when net income fell nearly 60% from a year earlier as publishing ad revenue declined more than 34%.