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The cuts, a responswe to the McLean-based media company’s revenue will occur in Gannett’s community publishing according tothe Journal, which said USA Today will be Gannett has about 41,000 It publishes more than 80 daily newspapers and has about 850 non-dailyg publications, according to the company’s Web In addition, it operates 23 TV stations. In the firstg quarter, total revenue dropped 18 percentto $1.38 Revenue from advertisements in the company’s publications fell 34 percen to $723 million, and circulation revenue went down 3.1 percent to $300 Net income fell 60 perceng to $77.4 million.
In cost-cutting moveas earlier this year, Gannett (NYSE: GCI) mandated unpaidr furloughs for most employeezs and temporarily reduced salaries forsome higher-paicd employees. In May, the company killedf the Tucson Citizen, which had been Arizona’s oldest continuously published newspaper. However, Gannett remains a partne r in a company that publishes anothefTucson paper, the Arizona Daily Star.
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