Posted on 02/12/2010 1:46:50 PM PST by abb
Unpaid furloughs at Gannett Co. Inc. in McLean will now include nearly 1,500 employees at its flagship USA Today.
USA Today employees will be required to take one week of unpaid leave between now and July. In a memo to employees Thursday, USA Today publisher David Hunke also said an existing pay freeze, first implemented in February 2009, will be extended by at least 90 days.
A USA Today spokesperson confirms the furloughs and pay freeze extension affect all 1,495 of USA Today’s employees.
"National advertising revenues in general were still down from the previous year as were paid advertising pages at USA Today," Hunke said in the memo. "Circulation sales continued to be lower in the fourth quarter."
In December, parent company Gannett imposed one week unpaid furloughs on most of its community newspaper employees to be taken in the first quarter of 2010. Those furloughs also affect some employees at its digital division and its corporate offices, and are on top of two rounds of one week unpaid furloughs in 2009.
USA Today eliminated more than two dozen jobs last year. Gannett cut 1,400 jobs companywide in 2009.
Gannett (NYSE: GCI) reported a $133.6 million fourth quarter profit, reversing a year ago quarterly loss of $4.71 billion as belt tightening countered a continued decline in sales. Revenue fell 14 percent to $1.5 billion while print advertising sales at its newspapers fell 17.9 percent.
ping
Hopey Changey, Re-Arrangey...
Headline: Titanic Deck Chairs Re-Arranged Yet Again!
Couldn’t happen to a nicer bunch of Liberals. :)
http://kansascity.bizjournals.com/kansascity/stories/2010/02/08/daily41.html
Local information site Examiner.com ramps up its Kansas City presence
http://www.marketwatch.com/story/viacom-tries-to-regain-its-mojo-2010-02-11
Commentary: MTV struggles to regain relevance
http://www.boston.com/bostonglobe/editorial_opinion/oped/articles/2010/02/12/exploring_truth_in_journalism/
Exploring truth in ‘journalism’
http://www.news.wisc.edu/17655
Study: Bloggers’ reasons for writing change over time
http://newsosaur.blogspot.com/2010/02/maybe-others-should-copy-early-lat.html
Maybe others should copy early LAT deadlines
http://www.chicagotribune.com/business/ct-biz-0211-tribune-20100211,0,5210535.story
Tribune Co., senior creditors seek to block challenge by junior creditors
Bush’ fault..
USA Ptooey. Aren’t they on the “do not excerpt, do not link” list?
Won’t be missed.
http://www.editorsweblog.org/newspaper/2010/02/more_layoff_details_from_the_guardian.php
More layoff details from The Guardian
http://www.bizjournals.com/boston/stories/2010/02/08/daily26.html
NY Times sees more declines at Globe unit
http://www.npr.org/templates/story/story.php?storyId=123609984
‘Newsonomics’ Predicts The Future Of The Media
http://flowtv.org/?p=4771
Not So New
http://www.newspaperdeathwatch.com/
Publishers Find a Tenuous Balance
http://gannettblog.blogspot.com/2010/02/urgent-investor-brandes-sells-all-23.html
Urgent: Investor Brandes sells 23 million shares; California money manager was once top holder
1,495 employees to put out McPaper??
big bump
By the way, the end of Dinosaurs was Bush’s fault
“Honey...how much money is left in poppas trust fund...?
Well now, maybe these good folks will use their unpaid week off to do community service or community organizing for Dear Leader.
That's one way to handle it....or....just maybe, they could quit publishing crap that offends the half of the population that can read and can also afford the price of a daily newspaper...I'm just sayin'...
a man with a hostile heart
Do they have a website? I just thought they published that paper that all of the hotels give away for free...
After a business trip, they are great for starting fires in the fireplace...
bump
d
he interviewed Bill Clinton once nd I thought he would end up in his lap before it was over.
Hotels don’t always give away that paper for free, they’ll set it in front of your door and charge you if you take it inside. Or they will add it to your bill unless you tell them NOT to drop it off...
Did USA Today endorse the One and bash Bush?
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