fbpx

Home » Gannett trims staff at US newspapers

Capitol Communicator reports that Gannett, based in McLean, VA, has laid off three percent of its U.S. workforce.

Gannett trims staff at US newspapers

by | Aug 15, 2022

Gannett, McLean, VA, is laying off journalists and other staff at newspapers throughout the United States, but there was no indication of the number of positions being eliminated, reports Publishers Daily.

Gannett CEO Mike Reed said on Aug. 4 that the company is pursuing a significant cost-cutting program, primarily on the print side, but also including “transformative cost reductions.”

The company released financials, showing a total revenue drop of 6.9% to $748.7 million and a $53.7 million net loss. Included in the total hit was an 8.9% decrease in digital media ads due, in part, to a softer programmatic ad market. Also, Gannett suffered “greater than expected losses in print,” Reed said.

Spokesperson Lark-Marie Anton issued a statement saying the company had to take “swift action given the challenging economic environment. These staffing reductions are incredibly difficult, and we are grateful for the contributions of our departing colleagues.”

More here.

About the Author

Capitol Communicator

Capitol Communicator is a unique online and offline resource for Mid-Atlantic advertising, marketing, public relations, digital and media communications professionals. The e-magazine, e-newsletters and events bring together communications professionals, fostering community and providing important information; news; trends; education; and opportunities for networking, career enhancement, business exchange and showcasing great work. Visit www.capitolcommunicator.com to learn more.

0 Comments

Submit a Comment

Your email address will not be published.

Sponsors

Brand Creep

CAPITOL COMMUNICATOR CAREER CENTER SEARCH RESULTS (JOBS IN MULTIPLE LOCATIONS)

MEDIA KIT

Recent Comments

Categories

SEARCH FOR ADVERTISING, MARKETING & PR AGENCIES, PROFESSIONALS AND SERVICES

Find out more  Powered by COMMUNICATIONSMATCHTM

REGISTER.
CHOOSE AN AGENCY OR INDIVIDUAL DIRECTORY OR COMPREHENSIVE PROFILE PLAN.

Find out more  Powered by COMMUNICATIONSMATCHTM

REGISTER.CHOOSE AGENCY SELECT
TO REQUEST MORE INFORMATION & STREAMLINE RFPs

Find out more  Powered by COMMUNICATIONSMATCHTM