Gannett Newspaper to Furlough Journalists

Find what drives you at Beaman Auto!
  •  
  •  
  •  
  •  
by Catherine Smith

 

Newspaper giant Gannett announced Monday it will begin furloughing employees across the country over the next three months to cut costs during the economic slowdown caused by the novel coronavirus.

The Hill reports, “the publisher of more than 100 newspapers, including USA Today, the Detroit Free Press, The Columbus Dispatch and The Arizona Republic, is reportedly furloughing workers who make more than $38,000 a year and they will be required to take one week of unpaid leave per month in April, May, and June, according to a tweet from investigative reporter Gregory Holman of the Springfield News-Leader in Missouri, a Gannett-owned paper.”

In a memo obtained by The Washington Post, Gannett Chief Executive Paul Bascobert told staff on Monday that while subscriptions and audience engagement was up, the company expects revenue to ‘‘decline considerably’’ in the second quarter and that the involuntary leave was the way to address the difficulties ‘‘head on.’’

“Direct sold advertising has already slowed and many businesses have paused their scheduled marketing campaigns,” Bascobert wrote.

Gannett was acquired in August 2019 by GateHouse Media for $1.4 billion.

– – –

Catherine Smith is a regular contributor to American Greatness.
Photo “Gannett Building” by Patrickneil. CC BY-SA 3.0.

 

 

 

 

 

 

 

 

 

 

 


Content created by the Center for American Greatness, Inc. is available without charge to any eligible news publisher that can provide a significant audience. For licensing opportunities for our original content, please contact [email protected].

Related posts

2 Thoughts to “Gannett Newspaper to Furlough Journalists”

  1. […] We are talking with our good friend Clint Brewer. There is a story at The Tennessee Star. Tennesseestar.com. One of our top stories today. Gannett newspapers are going to furlough […]

  2. 83ragtop50

    I hate it for the apolitical workers but country would be better off without liberal mouthpieces such as The Tennessean. I stopped reading their trash years ago.

Comments