July 1, 2009
Cuts Coming To Gannett
The Gannett Company, owner of the nation's largest newspaper chain, will go through another round of layoffs soon, with an announcement possible in the next few days, executives said Tuesday.
The company's United States and British newspaper divisions eliminated more than 10,000 jobs in 2007 and 2008, including about 2,000 layoffs last fall, and Gannett executives have said repeatedly that they expect more downsizing, including layoffs.
The company, which also owns a chain of television stations and Internet ventures, ended last year with 41,500 employees, including 35,800 in its newspaper divisions.