Media News - Friday, August 15, 2008
Gannett is cutting 1,000 newspaper jobs
Gannett Co. is eliminating 1,000 jobs, including 600 layoffs, across its newspaper operations, a company spokeswoman said Thursday. USA Today, the largest-circulation newspaper in the US, wasn't affected by the latest round of cutbacks, but had 45 job cuts of its own last November. The latest cuts will affect Gannett's other newspapers, which include 84 dailies such as The Arizona Republic and the Detroit Free Press as well as nearly 900 non-daily publications. The cost-cutting drive at the country's largest newspaper publisher is the latest effort by the industry to cope with declining revenues due to an economic slump and a continuing migration of advertising dollars online. News of the job cuts was reported Wednesday on a blog run by a former editor and reporter at Gannett, who obtained a company memo addressed to publishers. The publishers were asked to notify employees of the cuts by Friday. Other major newspaper publishers have also been slashing jobs, including McClatchy Co., which said in June it would eliminate 1,400 jobs, or about 10 percent of its work force. Gannett shares rose $2.05, or 10.6 percent, to $21.31 (14.30 EUR) in afternoon trading. (Chicago Sun-Times)
Bookmark this :
|
Listen to this article
|
Sphere: Related Content
Subscribe
Join our Media News mailinglist with over 12.000 subscribers.
Search archive
The Media News archive contains over 15.000 items so it is advised to narrow your search.
Time Machine
| January 2009 | ||||||
|---|---|---|---|---|---|---|
| S | M | T | W | T | F | S |
| 1 | 2 | 3 | ||||
| 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| 11 | 12 | 13 | 14 | 15 | 16 | 17 |
| 18 | 19 | 20 | 21 | 22 | 23 | 24 |
| 25 | 26 | 27 | 28 | 29 | 30 | 31 |
Syndicate
Popular articles
- Euronews launches Arabic feed
- Acclaimed photo was faked
- MySpace opens doors to developers MySpace webpage
- New website reaches out to EU Neighbourhood Journalists
- Startup lets public test conversational Web search
- Iran: Leading women’s magazine forced to close
- Internet censorship plagues journalists at Olympics
- User-generated breaking news and open source reporting website launched
- Platform lets bloggers download creative and editorial imagery from Getty Images
- Sweden: Tax on press advertising to be abolished