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By EmploymentCrossing
Gannett Eliminates 100 Jobs
By EmploymentCrossing
The nation’s largest newspaper publisher has cut 100 management jobs just one month after eliminating 1,000 positions.
McLean, Virginia-based Gannett (“guh-NETT”) owns eight of the top 50 newspapers in the US, and five major-market television stations.
The cuts did not affect the company’s flagship publication, USA Today.
The management reductions consolidated circulation, finance, and other operations into four regional groups. The layoffs took place on Tuesday.
Gannett’s print advertising revenue dropped 11% in the first half of this year, with the biggest loss in classified revenue.
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