There were layoffs mid-August at GateHouse papers, Poynter reported.
A minimum
of four papers cut staff, including the Oklahoman in Oklahoma
City , the Palm Beach Post, the Cape Cod Times and the Worcester
Telegram & Gazette (Massachusetts
GateHouse
is working with Gannett on a proposed merger that would result in an operation
with over 260 daily news operations.
GateHouse
owner New Media is managed by Fortress Investment Group, which is owned by
Tokyo-based Softbank.
GateHouse
and Gannett shares fell after the announcement of New Media's acquisition of
Gannett.
USA Today
parent Gannett and GateHouse filed materials with the SEC last week in an
effort to promote their case for the merger, USA Today reported. The merger has hit potential snags,
USA Today and the New York Post reported.
The layoffs
come after a second quarter earnings report, released in August, showed
revenues on a same property basis fell 6.9 percent at New Media year-to-year.
Both Gannett and GateHouse saw a profit for the quarter with help from expense
cuts.
News and Tech
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