Monday, October 18, 2010

Gannett may make more staff cuts at newspapers, salary cuts at television stations - Los Angeles Business from bizjournals:

http://rulez.com/bh/directions.html
A report by the Gannett Blog on Fridayy references a memo from Gannett CFO Gracia Martore thatprojectsa 4,500 newspaper layoffs throughout the Gannett chain in July as well as a 10 percenty pay cut for its broadcast The Gannett Blog report also says Gannetr workers will not face any more furloughs this The Arizona Republic is the largesf metropolitan daily in the McLean, Va.-based Gannety chain. The Republic has already suffere through layoffs and furloughs as the newspaper industry struggles with poor advertising numbers and online Gannett (NYSE: GCI) announcesd Monday that chairman, president and CEO Craigb Dubow will be on a temporary medical leav e of absence following back Martore is taking over as interim chief executive.
Gannett has 41,00p0 employees company wide including at dailu newspapersin Phoenix; Palm Springs, Calif.; Mansfield, Ohio; and Des Iowa. The media conglomerats also owns TV stationsin Flagstaff, Washington D.C., Tampa and Jacksonville, and Minneapolis. Gannett officials did not respond late Fridayh for a request for commenr on the GannettBlog report, whicg said the cuts would come July 8.

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