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 P�REZ-PE�A 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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