Democrat and Chronicle Publisher Gannett to Cut 1,400 Jobs

Democrat and Chronicle Publisher Gannett to Cut 1,400 Jobs

New York, N.Y.) AP - Newspaper publisher Gannett Co. plans to cut 1,400 jobs in the next few weeks, about 3 percent of the work force, as it faces a prolonged slump in advertising revenue.Bob Dickey, head of the company's newspaper division, informed staff of the layoffs in a letter Wednesday. He told employees that "there have been some promising signs of a recovery, but the reality is the improvements are not broad-based and the economy continues to be fragile."The majority of layoffs will come by July 9, he said.The move follows a 10 percent cut at Gannett last year, which left the company with about 41,500 employees.Gannett publishes USA Today, the largest newspaper by circulation in the U.S., along with dozens of other newspapers. (Copyright 2009 by The Associated Press. All Rights Reserved.)

OWNERS COMMENTS

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