Home › DMW Daily › July 2, 2009

Gannett To Lay Off 1,400, Digital Units Safe

Authored by Jay Baage on July 2, 2009 - 6:47am.
New York - Newspaper publisher Gannett Co. (NYSE: GCI), owner of USA Today and dozens other newspapers, plans to cut 1,400 jobs in the next few weeks, as a result of decreased advertising revenue.

The latest round of layoffs, roughly about 3 percent of the total work force of 41,500, comes after the publishing division reported a 34 percent drop in ad revenue in the first quarter, marking more than two straight years of declines.

Bob Dickey, head of the company's U.S. community, told employees that "there have been some promising signs of a recovery, but the reality is the improvements are not broad-based and the economy continues to be fragile," according to AP.

However, Gannett’s digital properties such as Pointroll, Ripple6 and ShopLocal, will be spared large layoffs, according to the blog Paid Content.

Related Links:
AP
PaidContent

Published in DMW Daily, July 2, 2009
tags: Marketing | Advertising | Newspapers | Layoffs | Gannett | USA Today | PointRoll | ShopLocal | Ripple6 |



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