CRIMES AND CORRUPTIONS OF THE NEW WORLD ORDER NEWS (mparent7777_1) wrote,
CRIMES AND CORRUPTIONS OF THE NEW WORLD ORDER NEWS
mparent7777_1

Gannett to cut 1,000 newspaper jobs

Thu Aug 14, 2008 2:36pm EDT

By Robert MacMillan

SAN FRANCISCO (Reuters) - Gannett Co Inc plans to eliminate 1,000 positions from its local newspapers around the U.S. because of declining advertising and circulation revenue, and may cut more if those conditions persist.

The largest U.S. newspaper publisher said the cuts equal about 3 percent of the positions in its Community Publishing unit, according to a memo obtained by Reuters on Thursday. The unit accounts for the vast majority of the company's newspapers, except for USA Today.

About 600 people probably will be laid off as part of the cuts, the memo said. The remaining cuts will come from retirements, resignations and other vacancies that will go unfilled.

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Tags: economy, msm
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