A new round of layoffs has hit numerous Gannett papers.
Florida Times-Union reporter Andrew Pantazi has
a spreadsheet on which he attempts to keep count of the
cuts. The spreadsheet shows more than 90 cuts at the time of this writing.
Last week USA Today owner Gannett reported
lower revenue and a net loss in the fourth quarter. Revenues at the combined
company fell about 10% and print advertising dropped 18.4% compared to the same
period a year ago.
GateHouse parent New Media Investment Group
completed a $1.2 billion cash-and-stock buy of USA Today parent Gannett, the
companies announced Nov. 19. The new company uses the name Gannett.
Relying on comments from Gannett CEO Mike Reed,
Poynter’s Rick Edmonds in December estimated that
some 4% of Gannett’s 24,000 employees, around 960, may be slated to be cut
post-merger. This current round follows earlier cuts, including a large batch
in late 2019.
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