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 Todays 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.
LOL!
I don’t know who they endorsed it doesn’t really matter if they endorse a Republican when the rest of the paper is far left wing.
Here's a nice, easy-to-understand chart for your typical USAToday reader.
USA Today headline: “We’re F*&%ed”
Thank you for the input, FRiend. Best I can tell, USA Today hasn’t made many friends in talk radio.
You would think any “unbiased” media would have a finger in talk radio. But nope. They aren’t unbiased of course.
Yeah. May the USA Today rest in pieces.
You know, if they returned the price to 50 cents instead of a dollar... and just inserted an advertising section, they’d probably increase sales *AND* advertising revenue.
Damn abb what happen to those hotels I stay at hotels they gave us Free USA Today over summer months
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