WSJ: Gannett to cut hundreds more
The Wall Street Journal reports that Tennessean parent Gannett will lay off at least 1,000 workers in the coming days.
The impending move, which follows several aggressive cost-cutting efforts by Gannett over the past year or so, reflects the gloomy near-term outlook for an advertising recovery. The publisher cut 4,600 jobs last year and followed that by requiring most of its remaining employees to take unpaid leave in the first and second quarters.




