Skip to comments.Another Big Round of Layoffs is Imminent at Gannett (Dinosaur Media DeathWatch™)
Posted on 06/30/2009 2:55:32 PM PDT by abb
The Gannett Company, owner of the nations largest newspaper chain, will go through another round of layoffs soon, with an announcement possible in the next few days, executives said Tuesday.
The companys United States and British newspaper divisions eliminated more than 10,000 jobs in 2007 and 2008, including about 2,000 layoffs last fall, and Gannett executives have said repeatedly that they expect more downsizing, including layoffs. The company, which also owns a chain of television stations and Internet ventures, ended last year with 41,500 employees, including 35,800 in its newspaper divisions.
On Gannett Blog, a former Gannett editor who closely follows the company, Jim Hopkins, quotes an unnamed person in the company as saying that it will announce on July 8 that it is eliminating 4,500 United States newspaper jobs, and cutting salaries in its broadcast division.
Gannett executives, who spoke on condition of anonymity because they were not authorized to release the information, said the number of jobs affected would be significantly smaller than that, and the news would probably come sooner than July 8.
Tara Connell, the companys chief spokeswoman, declined to comment on the matter, except to contend that numbers cited by Mr. Hopkins had often turned out to be incorrect.
Gannett, the publisher of USA Today and 84 other U.S. papers, saw newspaper advertising revenue fall 34.1 percent in the first quarter, compared with the period a year earlier. Analysts say second-quarter numbers will be similarly weak. The company has taken some drastic steps to lower expenses, including cutting home delivery of The Detroit Free Press from daily to three days a week, and stopping print publication of The Tucson Citizen.
(Excerpt) Read more at mediadecoder.blogs.nytimes.com ...
Poynter’s First Buyout a Reminder that Goodbye is Never Enough
If they stuck to reporting news and reflecting public opinion rather than trying so hard to shape it (opinion)... they wouldn’t be in this mess.
Another “All Obama...All the time” newspaper in trouble. My question...who is still reading Time magazine, with a record 17 Obama cover stories in the last year.
Looks like another round by the Obama Administration of hiring former journalists.
Raoul's Second Law of Journalism
Ignoring Bias = Bankruptcy
Stop in and doctor's, dentist's, accountant's, lawyer's, ad nauseum, waiting room and check the mag pile. Plus every plane has at least a couple of copies. I would hazard a guess that individual sales/subscriptions are less than 40% of the total press run. JMHO.
Who wants to pay for extreme left-wing propaganda when they can get it from Obama for free??
Good. The enemy of the truth.... continues to die.
Vibe: RIP June 2009
Report: Sacramento Bee trying to avert furloughs
Miami land sale delayed again
Sympathy meter set at zero
JUNE 30, 2009, 6:36 P.M. ET
Gannett Will Cut More Than 1,000 Jobs
By RUSSELL ADAMS
Gannett Co., the largest U.S. newspaper publisher by daily circulation, will cut more than 1,000 jobs in response to continuing revenue declines, according to a person familiar with the company’s thinking.
The cuts will come from the U.S. Community Publishing division, which consists of Gannett’s more than 80 local dailies, the person said. They won’t affect the flagship publication, USA Today. It wasn’t clear exactly how many jobs will be shed, although the person said it will be fewer than 2,000.
NO ONE...they are laying on tables in doctor's & dentist's offices because some patients' kid sold it to them during a ‘fund raiser’!
Gannett Co. to Execute Another Round of Layoffs
Thousands of Layoffs Coming at Gannett?
Gannett Layoffs May Come In Next Few Days; Smaller Than Anticipated
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