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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2 comments:
yea, good thing they closed such a nice music venue as Headquarters Live to make room for them ...
Titantic slows to take on fresh ice for the guests.
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