Gannett, the largest newspaper publisher in the United States is poised to cut up to an additional 2,000 jobs from its work force as revenues continue to decline.
The cuts will come from the U.S. Community Publishing division, which consists of Gannett’s more than 80 local dailies, the person said, and won’t affect the company’s flagship, USA Today. The exact number of jobs to be cut wasn’t clear. The cuts will be disclosed in the next few days.
Gannett, which like most newspaper publishers is suffering from steep advertising declines, cut about 10% of its work force last year. The company was expected to make additional cuts after a dismal first quarter, when net income fell nearly 60% from a year earlier as publishing ad revenue declined more than 34%. [...] (source: WSJ)
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