Layoffs Hit Gannett

In a late-Friday move Gannett, the nation’s largest newspaper chain, executed layoffs at outlets across the country, according to Deadline.

While no official tally was available, journalists at the Athens (Georgia) Banner-Herald, (South Texas) Caller-Times, Columbia (Missouri) Daily Tribune, Ventura County Star, St. Cloud (Minnesota) Times, Monroe (Louisiana) News-Star, Billerica (Massachusetts) Minuteman, (Milwaukee) Journal Sentinel, Panama City (Florida) News-Herald and the (Kentucky) Courier Journal all reported layoffs at their publications.

There was no indication company’s flagship national paper, USA Today, was hit.

In financials announced last week, Gannett’s revenue dropped 7% from the same time last year to nearly $749 million. At the same time, its operating expenses snuck up 1% from last year to nearly $770 million.

Gannett suffered a loss of nearly $54 million during the quarter and trimmed its revenue projection for the full year to roughly $3 billion from a previous forecast of $3.1 billion to $3.2 billion.

CEO Michael Reed announced to analysts last week that the company would be “taking significant and and permanent costs” out its business, with an emphasis on its print editions.

Spokesperson Lark-Marie Anton told Poynter today, “We’ve been transparent about the need to evolve our operations and cost structure in line with our growth strategy while also needing 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.”

Gannett, which owns over 200 daily U.S. newspapers, had more than 16,000 employees worldwide last year which included more than 4,200 reporters, editors and photographers.

The NewsGuild, which represents more than 1,500 Gannett journalists across roughly 50 newsrooms, indicated to Poynter that it had identified 35 layoffs across 20 newsrooms. There are likely many others

Gannett Media, the company said, “will prioritize content, news, business-to-business and commitment to subscribers while continuing to accelerate Gannett’s digital subscriber growth.”

The Digital Marketing Solutions unit is charged with furthering “the transformation of the DMS business to ensure loyalty from existing customers who value the platform while attracting new customers to engage with the available digital solutions. This includes building a complementary business model with streamlined, do-it-yourself SaaS offerings for new customer segments.”