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Net income at Gannett Co. fell 53 percent in the third quarter as the nation's largest newspaper publisher endured another big decline in ad revenue.
The CEO of Gannett Co., the country's largest newspaper publisher, returned to work Thursday after a medical leave this summer for back surgery.
Gannett Co. said it has completed a $500 million offering of senior notes and expects to use the proceeds to repay outstanding debt.
Gannett Co., the largest newspaper publisher in the U.S., said third-quarter earnings should far outpace expectations despite a narrow shortfall in revenue, as layoffs and falling newsprint costs help offset weak advertising sales.
Gannett Co., the largest U.S. newspaper publisher, used sharp cost cuts to deliver a higher-than-expected second-quarter profit Wednesday and offered a wisp of hope that the industry's advertising drought may be subsiding.
The latest wrenching cutbacks at Gannett Co. fell this week, as hundreds of employees at the country's largest newspaper publisher received notices of layoffs.
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.
Craig Dubow, the CEO of the largest U.S. newspaper publisher, is taking a temporary medical leave of absence, Gannett Co. said Monday.
Fresh off a Pulitzer Prize win for his newspaper, Detroit Free Press Publisher David Hunke was appointed Tuesday to head the nation's largest newspaper, USA Today.
Gannett Co.'s first-quarter profit plummeted 60 percent as the recession and Internet competition hammered the advertising revenue that buttresses its newspapers, including USA Today.
Gannett Co., the largest U.S. newspaper publisher, is scheduled to report its first-quarter results before the stock market opens Thursday. The following is a summary of key developments and analyst opinion related to the period.
Gannett Co. is consolidating copy editing and page production operations for four New Jersey newspapers.
USA Today Publisher Craig Moon will retire April 17, becoming the second top executive to leave the nation's best-selling newspaper this year.
In a story March 23, The Associated Press reported that Gannett Co. is asking newspaper employees making more than $90,000 annually to take two weeks of unpaid leave before July. In an update to the AP on March 24, Gannett said that policy applies to all its newspapers except USA Today. At its flagship newspaper, the two weeks of unpaid leave will be limited to the top 15 percent of salaried employees.
Gannett Co. slashed its chief executive's pay package by 60 percent last year, passing along the financial misery that has tormented the largest U.S. newspaper publisher as its stock price and profit shrank amid an industrywide drop in advertising revenue.
Gannett Co. is slashing the dividend on its stock for the first time in its history as the largest U.S. newspaper publisher finally succumbs to the financial squeeze that has triggered similar moves by its cash-strapped brethren.
Gannett Co. said Friday that its board would explore a dividend cut next month as the nation's largest newspaper publisher looks to conserve cash.
USA Today publisher Gannett Co. reported lower preliminary fourth-quarter earnings Friday, but even those profits will be wiped out once the company takes pretax write-downs of as much as $5.9 billion to reflect the declining value of its newspapers.
Gannett Co., the nation's largest newspaper publisher, reports earnings for the fourth quarter and full year before the market opens Friday. The following is a summary of key developments and analyst opinion related to the period.
USA Today publisher Gannett Co. imposed one-week unpaid furloughs for most of its U.S. employees Wednesday, saying the move could help minimize the need for further layoffs amid a severe advertising downturn.
Gannett Co., the nation's largest newspaper publisher, said Friday that its third-quarter profits fell 32 percent as advertising revenue declined, and new job cuts are likely as a result.
Gannett Co. is eliminating 1,000 jobs, including 600 layoffs, across its newspaper operations, a company spokeswoman said Thursday.
Gannett Co., the nation's largest newspaper publisher, on Wednesday reported a 36 percent drop in second-quarter earnings as the newspaper industry's woes caused a sharp decline in revenue. Its shares fell more than 4 percent.
The nation's largest newspaper chain, Gannett Co., will write down its assets by about $2.5 billion to $3 billion this quarter to reflect the declining value of its operations in the United Kingdom and the United States.
The nation's largest newspaper publisher, Gannett Co., said Monday that its earnings fell 9 percent in the first three months of the year as the weak economy contributed to a drop in advertising.
News Corp, New York Times, Gannett, Washington Post Named "Likely Survivors" Of Newspaper ShakeoutThese newspapers will likely survive
Gannett And AP Tell SEC They Won't Sign Up For Restricted ReportingWell, we've already joked about how the Associated Press seems to have a bit of a double standard in complaining about the Southeastern Conference's (SEC) restrictions on journalistic activity during SEC sporting events, but it's nice to see the Associated Press and the Gannett c …
Lessons from the Birmingham Eccentric: How one community is saving its newspaperA little blitz of good press for local news hit the blogs not so long ago: the Birmingham Eccentric, a 131-year-old newspaper based in suburban Detroit, was living up to its name. Owned by Gannett since 2005, the paper was slated for shutdown last spring.
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:
Gannett to cut 1,400 jobs in new round of cutsNewspaper publisher Gannett Co. plans to cut 1,400 jobs in the next few weeks, about three percent of its work force, as it faces a prolonged slump in advertising revenue.
U.S.A. Today Parent Continues to Axe Itself-Shedding Another 1000-2000 JobsGannett Co., the largest U.S. newspaper publisher by daily circulation, will cut between 1,000 and 2,000 jobs out of its 41,500-person work force in response to continuing revenue declines, according to a person familiar with the company's thinking.
Binghamton Paper Uses Translators, Borrows Other Gannett Staffers for Aftermath of Mass SlaughterNEW YORK Calvin Stovall, editor of the Press & Sun-Bulletin in Binghamton, N.Y., says this weekend's coverage of the massive murder spree that left 14 people at a community center dead is a reminder of what newspapers still do best.
Tribune Files for Bankruptcy - Mergers, Acquisitions, Venture Capital, Hedge Funds -- DealBook - New York TimesNewspapers continue to struggle, with the Tribune Company filling for bankruptcy today, because of declining ad revenues. Tribunes join a long list of newspaper companies who are on the verge of folding. Gannett Corporation laid of 10% of its workforce last week.
Gannett reporter made independent by noonBruce Richie, formerly of the Tallahassee Democrat-Gazette, reflects on his vocation, and refuses to let it become an avocation. I started out this morning as a reporter for the Tallahassee Democrat. I ended the work day as an "independent journalist."
Why Is Gannet Media Hosting An Obama Event ?An insider who would know has told me there is going to be a large event (a thinly cloaked a fundraiser?) at Gannet's New Jersey's headquarters in Neptune, New jersey for Obama, I believe he said on Oct. 13. There will be 5 chefs. They are redecorating for this event.
Gannett to Eliminate 1,000 Newspaper JobsGannett, the McLean-based newspaper giant and publisher of USA Today, plans to cut 1,000 jobs, or about 3 percent of its workforce, according to a company memo.
Gannett Releases Searchable Public Library Trends DatabaseVia "American Libraries Direct":Gannett News Service released a searchable database July 17 that compares trends affecting public library systems between 2002 and 2006.
Gannett / Point Roll join forces with ShopLocal.comMcClatchy said it used the proceeds to pay down debt. It will record a related charge of about $3 million in the second quarter. McClatchy had acquired a stake in ShopLocal through its acquisition of newspaper publisher Knight Ridder Inc.
In prep'ing for digital journalism workshops for our UW undergrads, I discovered that the Seattle PI has opened up at least some editorial board meetings to the public via "podcasts." (I challenge you to find the podcast archive/description via the masthead links, however.)
'Swiftboating' John McCain -- Via Local NewspapersNEW YORK Supporters of John McCain in South Carolina are describing as "absolutely despicable" a flier -- distributed to the editors of 80 daily and weekly papers in that state, now (for better or worse) made public -- claiming that he turned his back on fellow prisoners of war i …
Gannett Planning Newspaper Size Reduction At Several PapersNEW YORK After completing a two-year conversion of its 85 daily papers from 52-inch web size to 48-inch, Gannett Co. Inc. is conducting a national review for a possible second size cut to 44-inch web.
Seven Rochester area colleges collaborate with the Democrat & ChronicleIn way of doing, and not just complaining, this project holds promise. It gives student journalists reason to learn and tell fellow students about Rochester.
Film critic Jack Garner retiringHis first review was of Star Wars.In 1987, he became the nationally syndicated chief film critic for Gannett News Service,
Cronkite: Pressure on Media Companies to Generate Profit Threatens FreedomPressures by media companies to generate ever-greater profits are threatening the very freedom the nation was built upon, former CBS News anchor Walter Cronkite warned Thursday.
Most U.S. advertisers now spending on new media: survey Nearly 90 percent of all U.S. companies polled in a new study will use part of their marketing budgets to advertise in new media like video games or virtual communities.
Mayrav Saar: Reporting's mass appealAmateurs working as journalists are giving rise to a new wave of 'citizen newspapers.' Results are mixed. A woman in Venice Beach reviews "The Lion King" and declares it the best musical she's seen — of the four she's ever seen.
Gannett radically remaking newspapers into something bloggyBut as Foremski points out, if newspapers fail to figure out the new media business model before they gut themselves out of any relevance, we're all be worse off.
Extra: Newspapers Aren't Dead - TIME.comExtra: Newspapers Aren't Dead Some predict their imminent demise, but the dailies remain profitable, popular and powerful. Here's why they'll survive
Gannett's info centers - a comprehensive lookThe best wrap I've seen on Gannett information centres. ... the task ahead: building a new model around a newspaper's key assets, which are a methodology to acquire, verify, manage and format information, and a community of readers.
A most noble idea, citizen journalismIt has a nice ring to it, citizen journalism, and it's quite the hot topic in the newspaper business these days. After talking down to readers for so long, American newspapers are out to win back readers.
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