Layoffs Imminent at Gannett

The New York Times is reporting that the Gannett Company, owner of the nation’s largest newspaper chain, will go through another round of layoffs soon. An announcement is possible in the next few days, executives said Tuesday

Louisiana’s Gannett newspapers include The Town Talk in Alexandria, The News-Star in Monroe, The Daily Advertiser in Lafayette, The Times in Shreveport and The Daily World in Opelousas.

More here.

UPDATE – 6:30pm

From The Wall Street Journal

Gannett Co., the largest U.S. newspaper publisher by daily circulation, will cut more than 1,000 jobs in response to continuing revenue declines, according to a person familiar with the company’s thinking.

The cuts will come from the U.S. Community Publishing division, which consists of Gannett’s more than 80 local dailies, the person said. They won’t affect the flagship publication, USA Today. It wasn’t clear exactly how many jobs will be shed, although the person said it will be fewer than 2,000.

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