Posted on 06/30/2009 2:55:32 PM PDT by abb
The Gannett Company, owner of the nation’s largest newspaper chain, will go through another round of layoffs soon, with an announcement possible in the next few days, executives said Tuesday.
The company’s 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 company’s 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 ...
Going, going, gone.
Just not fast enough for me.
Not me. I was quite unaware they were doing Obama stories, cover or otherwise.
Awesome.
I am waiting for the Hussein economy to hit my workplace.
In some ways, it already has; some hours have been really really cut back.
There are some extreme libs here, though. Hope ‘n change loonies. They oughta be next, and I’ll just wonder how they’ll feel then.
Thanks for the ping.
A hip-hop magazine bit the dust? So sad. I can’t believe anyone buys any of these magazines off the newsstand. I subscribed to Men’s Health last fall when a friend was selling subscriptions for her elementary school daughter. Cost like $20 for the year, or about $2 a magazine. It’s been ok. Somehow I also ended up getting Maxim, which I definitely didn’t sign up or pay for. I see it on the newsstand across the street for $5.99. Who would pay $6 for any magazine? I generally just cut my name/address off the bottom of the magazine and then leave it in the workout out room for everyone to read.
A hip-hop magazine bit the dust? So sad. I can’t believe anyone buys any of these magazines off the newsstand. I subscribed to Men’s Health last fall when a friend was selling subscriptions for her elementary school daughter. Cost like $20 for the year, or about $2 a magazine. It’s been ok. Somehow I also ended up getting Maxim, which I definitely didn’t sign up or pay for. I see it on the newsstand across the street for $5.99. Who would pay $6 for any magazine? I generally just cut my name/address off the bottom of the magazine and then leave it in the workout out room for everyone to read.
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