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# USA TODAY launches $100 million cost-cutting program; no indication how many jobs might be affected
- URL: https://capitolcommunicator.com/usa-today-launches-100-million-cost-cutting-program-no-indication-how-many-jobs-might-be-affected/
- Published: 2026-11-05T17:34:08.000Z
- Updated: 2026-11-05T20:32:57.000Z
- Author: Capitol Communicator
- Tags: Media

**USA TODAY Co. announced a $100 million annualized cost-reduction program** as third-quarter revenue fell 7.4% to $519.2 million. The publisher reported a $4.6 million net loss, compared with $39.2 million a year earlier.

According to [Editor&Publisher](https://www.editorandpublisher.com/stories/usa-today-announces-100-million-cost-cutting-program-as-quarterly-revenue-falls-74,264363?ref=capitolcommunicator.com), CEO **Michael Reed** cited changes in consumer search and inflationary pressures. He said the cost program began at quarter-end, with benefits expected in the fourth quarter. The announcement did not specify how many jobs might be affected.

The E&P post states that digital revenue "declined 5.1% to $249.3 million, accounting for 48% of total revenue. Digital-only subscription revenue nevertheless grew, reaching $46 million, as average revenue per subscriber increased 23%. Digital-only subscriptions fell 12% to approximately 1.4 million.

"The company also plans opportunistic fourth-quarter stock repurchases, with $96.9 million remaining under its authorization."