Gannett to cut jobs in newspaper operations

Gannett to cut jobs in newspaper operations

Gannett has announced that they are planning to cut around 10 percent of jobs at its local papers.

They are the latest of the newspaper companies to announce such cuts as the industry is struggling with falling subscriber numbers and declining profits.

The market is now worse due to the ongoing global financial crisis.

The company had earlier announced a similar job in August.

Company’s Newspaper Division President Robert Dickey said in a note to the company employees: “As all of you are painfully aware, the fiscal crisis is deepening and the economy is getting worse. Gannett’s revenues continue to be severely impacted by this downturn, and our local operations are suffering. While this is more bad news, it is a sign of Gannett’s determination to remain healthy and viable as a company during these turbulent economic times.”

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