Paul Bascobert and Gannett have ended Bascobert’s stint as
CEO of its operating company, Gannett Media Corp., as the board has eliminated
the position, the company announced June 18.
“Bascobert’s
departure is not the result of any inappropriate action by Mr. Bascobert, any
violation of company policy, any accounting irregularity or any material
deterioration in the business of the company,” said an announcement from
Gannett. The move is part of an effort to streamline the operating structure of
the company, the announcement said.
Michael
Reed, chairman and CEO of Gannett, has assumed Bascobert’s responsibilities.
Bascobert
came on with Gannett as president and CEO in August, before the Gannett/GateHouse
merger, which was completed in November.
In other
Gannett news,Poynter reported that furloughs will end July 6
for reporters and visual journalists at USA Today and Gannett’s local
operations, according to a memo sent by Maribel Wadsworth, president of news
and publisher of USA Today.
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