The Bottom Line is these are tough times in the newspaper business. The Christian Science Monitor will no longer print a weekday edition, and now the New York Times is reporting that Gannett Company will be cutting staffers. 10-29-2008
Gannett to Cut 10% of Workers as Its Profit Slips BY RICHARD PÉREZ-PEÑA The Gannett Company, the nation’s largest newspaper chain, will lay off about 10 percent of its work force by early December, company executives said on Tuesday, a few days after Gannett disclosed another sharp drop in revenue and earnings. The layoffs will not apply to the company’s flagship paper, USA Today, but to the company’s 84 other daily newspapers in the United States, and more than 800 small, nondaily local papers. The announcement does not include Gannett’s hundreds of small papers in Britain. Link to entire article: http://www.nytimes.com/2008/10/29/business/media/29gannett.html?_r=2&oref=slogin&oref=slogin
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