Gannett to cut 1,000+ more jobs, but what's left to cut?
News yesterday that the country's largest newspaper chain, Gannett Co., is planning to cut thousands more jobs in the next week -- have a happy Independence Day weekend, staffers! -- leaves me asking one question:
Is there anything left to cut?
Last fall, the company laid off 2,000 people, bringing massive cuts to already struggling papers such as the Indianapolis Star, Detroit Free Press and Asbury Park Press. One of the best sources of news on all this is Gannett Blog, a great, incisive look at the media chain. Unfortunately, the blog is going away on July 10.
According to the Wall Street Journal, about 1,000 jobs will be cut, with 600 eliminated through layoffs -- with the reductions coming at its community news division outlets, which do not include flagship USA Today.
In Florida, the Gannett-owned papers include Florida Today in Brevard County, the Fort Myers News-Press, the Pensacola News Journal and the Tallahassee Democrat. Gannett also owns St. Petersburg-based CBS affiliate WTSP-Ch. 10.
The story is a depressing walk through the recession that continues to disintegrate great newspaper outlets, noting that rival McClatchy Co. instituted a company-wide salary freeze and Gannett saw a 14 percent drop in publishing revenue in the second quarter.
This will make for an excruciating week for Gannett employees and media watchers, as we wait for the drip, drip of news revealing where the job reductions are, how many people have lost jobs and how many have come from the newsrooms.
Gannett sure knows how to spend a summer holiday.