Gannett makes company-wide cuts in reorganization

Gannett is cutting less than 1 percent of its total workforce in a company-wide reorganization, a Gannett spokesperson told Poynter Wednesday.

The cuts were announced to employees by CEO Bob Dickey in a video to employees Wednesday. Gannett, which has more than 20,000 employees globally, continues to battle declining print advertising earnings alongside the rest of the newspaper industry.

Its first-quarter earnings showed print advertising revenue decline 17.7 percent compared to the first quarter of 2016, with circulation revenues down 8 percent year-over-year.

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