Gannett to Cut 10% of Jobs at Local NewspapersAuthored by Mark Hefflinger on October 29, 2008 - 7:26am.
McLean, Va. - Gannett (NYSE: GCI), the publisher of USA Today
and 84 other daily newspapers, plans to cut about 10% of jobs -- upwards of
3,000 positions -- at its local papers, Reuters reported, citing an internal
memo. "While this is more bad news, it is a sign of Gannett's determination to remain healthy and viable as a company during these turbulent economic times."
Workers at USA Today are not expected to be effected.
Related Links: http://snipurl.com/4tgxd (MarketWatch) |
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