Newspaper chain in US to cut more jobs
The biggest US newspaper chain, Gannett, which owns USA Today, will eliminate more than 1,000 jobs at its local newspapers, the Wall Street Journal reported in its online edition yesterday.
The job cuts will offset a continuing decline in revenues, the Journal said, citing a source familiar with the company.
Cutbacks will be made in a division that operates some 80 Gannett-owned local newspapers, but are not expected to affect the flagship USA Today, The Journal said.
The exact number of jobs to be eliminated is not clear: The Wall Street Journal reported that the number likely will be more than 1,000, but fewer than 2,000.
Gannett reported losses last year of 1.8 billion dollars.
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