Posted on 07/01/2009 1:54:55 PM PDT by My Favorite Headache
Gannett to cut 1,400 jobs in new round of cuts
NEW YORK – Newspaper publisher Gannett Co. plans to cut 1,400 jobs in the next few weeks, about 3 percent of the work force, as it faces a prolonged slump in advertising revenue.
The majority of layoffs will come by July 9, he said.
The move follows a 10 percent cut at Gannett last year, which left the company with about 41,500 employees.
Gannett publishes USA Today, the largest newspaper by circulation in the U.S., along with dozens of other newspapers
(Excerpt) Read more at news.yahoo.com ...
Even the Ministry of Truth cannot overcome the loss of all those full page color adverts paid for by GM and Chrysler dealers... I have seen a disturbing trend lately though .. many people seem to be tuning out reality and turning to what we call “prolfeed” ...
Then they can band together and form a new publication in the finest traditions of American free enterprise.
With their experience and inside knowledge and connections it might be doable.
Somehow, I think not.
Every single paper at the hotels are paid for by the hotel and most are read.
Sorry Dave, but I’ve been frequenting hotels for decades, and haven’t found the need to poke my nose in one of their papers yet.
By the time they get there, the news contained is dated. It’s been that way for decades.
Do you think all the people who travel on business read them? Heck, when you’re gone on a junket, you get up early, spend your time in meetings and after hours gatherings. I didn’t have time for paper?
I have however seen lots of them left outside the door a good portion of the day. I’m rather certain many of those papers never make it into a room.
MSM ping
Are the hotels actually paying for the papers?
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In the case of Orlando FL ,, the answer is NO ,, the Orlando Sentinel (Slantinel) used to supply papers free to the hotels to boost their circuation numbers and therefore ad rates .. advertisers objected because tourists don’t shop at the local stores that were buying the advertising,,, the Sentinel stopped giving papers away to the hotels a year ago but they still deliver free to the hospitals since the patients are a local audience.
I realized that hospitals also got the papers.
It’s interesting to see how that plays out in the overall scheme though.
The Sentinel was playing games ,, inserting 2 and 3 copies of inserts just to get them all distributed (most advertisers print their own inserts and deliver to the papers “just in time”) ... similar to that New Yawk paper that was found dumping freshly printed papers in the landfill and reporting the copies as distributed to keep their ad rates up... Hospitals are actually a good place to distribute “free” papers as far as the advertisers are concerned as most patients are older and read papers.
Thanks for the good points. That’s interesting about the inserts going straight to the landfills. Sorta eliminates the middle-man. ;-)
No, the hotels got the papers for free, but the company claimed them as paid circulation.
I see. Thanks for the clarification.
The issues in newsstands constitute the same. Most, except for the WSJ in certain areas, remain almost full if not full, by the next day—even at the interstate stops. They are still counted as circulation.
This is hardly an indication of increasing sophistication of the public: a large part of the public has stopped having any real interest in what ultimately affects them. Even college students/grads. Hardly a phenomena to rejoice about. Ergo, the election of Obama and the Democratic majority.
Newspaper publisher Gannett Co. plans to cut 1,400 jobs in the next few weeks, about 3 percent of the work force, as it faces a prolonged slump in advertising revenue.
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In other news, the buggy and carriage business has had a prolonged slump due to the introduction of the automobile, as has the business of blacksmiths in Chicago, Boston and New York.
I don’t actually like observing the print media’s demise.
Newspapers are something of value. If you can’t trust what’s in them though, their value becomes of less importance.
The editorializing that takes place in the reporting of issues, is shameful. The editorial pages themselves more often than not seem to have writers who used to work for Pravda or worse. True red blooded loyalist writers seem to be almost non-existent.
So while I do see the print media dying their well deserved death, I lament something that was and still could have been a very beneficial service to society.
The left has single-handedly destroyed something they absolutely idolize.
The Burlington Free Press in Burlington VT is a renowned fish wrapper and Gannett owned
I have more optimism for the buggy business in rural areas than newspapers anywhere. I just sold off a buggy I had sitting in storage to a guy who restores them and takes them to events and parades. He also bought the forge that was stored nearby.
Honestly, I’m not happy to see anyone lose their jobs.
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