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NEWS ABOUT: Gannett

Firms Choose Pay Cuts Over Layoffs

Some deem sharing the pain preferable to axing workers

(Newser) - Employers increasingly are opting to cut salaries rather than staff as they tighten budgets, a plan that helps keep them ready to respond to an economic rebound but could hurt morale, reports the Los Angeles Times. Companies also are looking to trim operating costs by eliminating bonuses, requiring employees to... More »

Gannett Forces Workers to Take Unpaid Leave

Move will avoid layoffs in newsrooms: company

(Newser) - America's largest newspaper publisher will require most of its 31,000 employees to take an unpaid week off this quarter, the New York Times reports. Gannett owns 85 newspapers in the US—including USA Today—that, like much of the industry, are under serious financial duress. The company says the... More »

More Advertisers Text to (Willing) Customers

Media companies jumping on board as ads have higher success rate than Web versions

(Newser) - Text-message advertisements are catching on with marketers, largely because consumers actually ask to receive them—or at least to receive content that ads are attached to, the Wall Street Journal reports. Coors Light, for example, added marketing blurbs to text alerts requested by fans during last month's NFL draft, of... More »

Newsday Sale Another Bad Sign in Teetering Industry

New paper owners face outlook grimmer than those that scared off predecessors

(Newser) - Just last year, Sam Zell was optimistic enough about newspapers to buy the Tribune Company. Now he’s selling Newsday, one of the conglomerate’s top publications. “The news business is something worse than horrible,” he said recently. Across the industry, gung-ho new owners like Zell are experiencing... More »

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