It was another disheartening day for the Citizen-Times. The industry employed about 700,000 people in February. Business Outlook. Gannett announced layoffs of 91 employees, including 42 newsroom jobs, at newspapers across the U.S. this week, although none came from their ten dailies in New Jersey, according to a spreadsheet maintained online.. More to come throughout 2020. By David Wildstein, February 28 2020 2:57 pm. Gannett Blog is written by former Gannett reporter and editor Jim Hopkins, who—despite being paranoid and sometimes writing like a bit of a nut—does … Four more lawsuits were filed in February 2020. The layoffs took effect on Tuesday, according to the filing with the Ohio Department of Child and Family Services’ Office of Workforce Development. Gannett layoffs underway at combined new company. Apr 29, 2020 at 4:58 PM Apr 30, 2020 at 7:07 AM The planned cutback would bring the plant’s union workforce to about 1,200. There’s never been a better time to work at Gannett. Those offices had previously served as home base for The Ridgewood News, 201 Magazine, The Glen Rock Gazette, and a number of other weekly newspapers owned by Gannett. Veteran sports reporter Dan Fleser, who covers the Lady Vols and has been with the News Sentinel for more than 30 years, was let go. Yet, over the last two weeks, multiple reports (including one from Gannett-owned USA Today ) indicate that Gannett is likely to merge with GateHouse Media, and that the merger could be finalized as early as this summer. In February, Gannett cut 97 jobs from 27 newspapers in 10 states. Advertising revenues were already … Employees there have endured layoffs and/or cuts of some kind just about every year since a first round of cuts in 2008. Inform and engage them — as an award-winning, trusted news organization, and as a modern media company pushing the boundaries of what content is, how it’s experienced and how it’s used. Gannett announced layoffs of 91 employees, including 42 newsroom jobs, at newspapers across the U.S. this week, although none came from their ten dailies in New Jersey, according to a spreadsheet maintained online. Hedge fund backed Digital First Media, which owns more than 200 newspapers and is known for its draconian cost cutting and job slashing, submitted a bid to buy Gannett for $1.3 billion on Monday. Gannett Reports 31% Growth in Digital-Only Subscribers in Q2 2020. Top managers also will feel the pain. Gannett, McClatchy collaborate to offer local reach for national advertisers. It’s not clear if the layoffs are due to the coronavirus, Poynter reports, or are part of a strategy related to the GateHouse-Gannett merger, which concluded late last year. Tag: layoffs. Although the U.S. labor market is thriving, the journalism industry is not doing so well. Feb 6, 2020 at 4:13 PM Feb 6, 2020 at 4:14 PM The Lamrite West facility on Darice Parkway in Strongsville has laid off 77 people, according to a filing this week with the state. 85 There were indications that additional layoffs would follow, as all of them were lobbying for federal funds to shore up their rapidly declining bottom lines. International. To avoid layoffs, Gannett employees will be furloughed five days a month through June. The company announced it plans to resume paying a quarterly dividend to shareholders — the price it feels it has to pay to keep investors interested. Layoffs at KJZZ. Gannett’s Chief Financial Officer Alison K. Engel announced she will leave the company at the end of the first quarter of 2020. Fourth Quarter 2019 Consolidated Results • Fourth quarter GAAP revenues of $699.3 million rose 68.1% as compared to the prior year quarter reflecting the Acquisition. CEO Approval. How Americans Navigated the News in 2020: A Tumultuous Year in Review. Layoffs, of course, ... With this layoff, GateHouse joins Gannett, Tribune, McClatchy, MNG Enterprises (the former Digital First Media), and almost everyone else in the industry in cutting staff. “Critics have described Alden as a “destroyer of newspapers” that is prone to “savage” layoffs and…. New Media Investment Group acquired Gannett for $1.2 billion in November 2019 and combined it with its affiliate GateHouse Media. New Media turned to private equity giant Apollo Capital Management for a five-year, senior secured term loan facility. The spreadsheet shows more than 90 cuts at the time of this writing. GateHouse parent New Media Investment Group completed its $1.2 billion cash-and-stock buy of USA Today parent Gannett… It also reduced capital expenditures by 20 percent for the remainder of 2020 and suspended its quarterly dividend. Gannett CEO Michael Reed has said he is "highly confident" the company will meet its obligations since it has $200 million in cash and expects to earn $50 million in real estate sales in the second quarter. The Walt Disney Company has increased the number of employees it will layoff as it … Media occupations were less than 1 percent of this industry in 2019. While the sale is seen as a distress sale by some, the news still caught the industry off guard. About 10% will be cut with non-existent severance packages. The cost-cutting move will put as many as 500 employees out of work, but is aimed at ensuring the survival of the media company as consumers turn to digital platforms for their news. Mystic Seaport Museum - Pandemic Layoffs, Now permanent. DanOregon Well-Known Member. There’s never been a better time to work at Gannett | USA TODAY NETWORK. Our expanded network, including local daily and weekly media brands, local business publications, the iconic USA TODAY, digital marketing services providers and live events and promotions divisions create tremendous local impact at scale. Siemens Energy plant down in Olean - Layoffs will begin in late July. McLean, Va-based Gannett, the largest U.S newspaper company, is cutting another two percent of its workforce, reports Politico. Feb 27, 2020. Tuesday, March 03, 2020. and multiple media properties across the United States. Furlough Extension at Gannett. Gannett, Gatehouse talking merger. The … By the end of April 2020, Gannett, Lee and Tribune had all announced furloughs and pay cuts to compensate for the significant drop in revenue their papers experienced as the economy shut down abruptly to deal with coronavirus. 984 reviews from Gannett employees about Gannett culture ... WI - February 8, 2020. the part that really liked about this job was the Independence I didn't have anyone looking over my shoulder and I ... Newspapers are fading fast. February 27, 2020. The number has been reported as about 1,000 new cuts looming. Layoffs are coming today at several Gannett newspapers in New Jersey, the New Jersey Globe has learned. Media Industry Rocked By Layoffs The Advertising Revenue Struggle is Real & it’s Hitting The Media By: Cristal M Clark Some major media outlets are looking at cutting staff in the coming weeks. The Providence Journal’s staff and all other Gannett newspapers across the country are being forced to take mandatory furloughs and pay cuts. 2021 WARN Notices and Updates. Wabtec Corp., which purchased GE Transportation in February … Gannett will furlough workers at more than 100 newspapers over next three months. Gannett Co., Inc. (NYSE: GCI) reported 31% growth year-over-year in digital-only subscribers for the second quarter of 2020, bringing total digital-only subscribers to 927,000. HuffPost and BuzzFeed layoffs affected thousands, according to a report by The Cut. In February, Gannett cut 97 jobs from 27 newspapers in 10 states. This significant and troubling story described the merger of Gannett … But 77% said they weren’t told when they would come back. (Gannett seems to love showering executives with stock options and "incentive" … The layoffs at Gannett-owned papers in the region have been upsetting. Tampa Bay Times will temporarily cut employee pay amid financial decline. Published March 30, 2020 by Richard Foster McLean-based Gannett Co. Inc., the nation’s largest newspaper publisher, sent an email to employees Monday announcing mass layoffs, furloughs and pay cuts, according to The Daily Beast. The Twitterverse - especially #Journalism Twitter - was abuzz, no pun intended. Arizona's Own Espresso Pundit. In certain circumstances, federal and/or state law requires businesses laying off workers employed in Wisconsin to provide the State's Department of Workforce Development (DWD) with advance written notice of the layoffs. Poynter analyst Rick Edmonds gauged that around 4 percent of the new Gannett’s 24,000 employees, some 960, would be cut by February. The McClatchy Co. — a publisher of newspapers in 30 markets including Sacramento, Kansas City and Miami — is declaring bankruptcy, citing heavy debt and pension obligations. Gannett Media’s CEO: Sorry for the layoffs, and get ready for some more On December 6, 2019 December 6, 2019 By Dan Kennedy In Media Paul Bascobert, chief executive officer of Gannett Media Corp. ( apparently number two to Mike Reed in the reconfigured New Media-GateHouse-Gannett structure), has issued a memo to the troops about the just-announced layoffs. Right from the start my experience with the recruiter was great, the onboarding experience was very organized, and the team is fantastic. Additionally, two more men filed suit against Gannett for child sex abuse in September 2020, [33] bringing the current total number of plaintiffs to seven. It is their stories that make up Gannett | USA TODAY NETWORK and can give you the best idea of who we are. We are way more than a newspaper company. Always working on the cutting-edge, our Product & Technology division has a start-up feel with all the resources and benefits of a fully functioning corporate entity. / Geoff Shackelford. Omega Advisors leader Leon Cooperman (Trades, Portfolio) disclosed on Thursday that he boosted his stake in Gannett Co. Inc. (NYSE:GCI) by 22.43%.. At the … Layoffs, of course, ... With this layoff, GateHouse joins Gannett, Tribune, McClatchy, MNG Enterprises (the former Digital First Media), and almost everyone else in the industry in cutting staff. Media layoffs hit Gannett, other organizations. The staff reductions are all part of Gannett’s cost-cutting a year after it merged with GateHouse Media, a deal that required a $1.8 billion loan from … Managers are probably the exception. Janet Butler, dedicated newsroom assistant for the Providence Journal, was laid off after 50 years–she was about to retire effective September. Janelle Irwin Taylor / Florida Politics. Bloomberg News Lays Off 90 Staff to ‘Elevate Editing’ February 19, 2021. I love working for Gannett/LocaliQ. Gannett to refinance $1.05B in debt Nation's largest newspaper publisher seeks to lower interest rates, extend debt maturity Published February 1, 2021 by Sydney Lake McLean-based Gannett Co. Inc., the largest newspaper publisher in the U.S., announced Monday it will refinance $1.05 billion in debt to lower its interest rates and extend maturity on outstanding debt. Correction/Clarification Gannett is one of the country’s last remaining large national newspaper publishers, overseeing major titles including USA Today, the Arizona Republic, the … Together, we are stronger. GateHouse and Gannett join. Naples press made … Gannett announced layoffs of 91 employees, including 42 newsroom jobs, at newspapers across the U.S. this week, although none came from their ten dailies in New Jersey, according to a spreadsheet maintained online. Disney ups layoffs to 32,000 workers as Disneyland remains closed amid coronavirus. Gannett and McClatchy, two of the most iconic and acclaimed local media companies, with deep roots in over 300 local communities, have announced a new offering that will give national brands the ability to connect seamlessly and more meaningfully with local audiences across a vast multi-channel network. Nine of 10 people laid off or furloughed said their employer indicated they would return at some point. Florida Times-Union reporter Andrew Pantazi has a spreadsheet on which he attempts to keep count of the cuts. ... LanceyHoward, Feb 29, 2020 #417. maumann likes this. Employment in Telecommunications decreased by about 16,000 jobs from May 2019-Feb. 2020. Jan & Feb will have major cuts for both Gatehouse and Gannett. At least three layoffs were made today at The (Bergen) Record, the flagship of Gannett’s ten daily newspapers in New Jersey, including one reporter who is pregnant and twelve days away from her due date. This is … — Nathan Bomey (@NathanBomey) February 27, 2020. Meredith Corporation Cuts 180 Jobs. Layoffs at Gannett Layoffs were taking place last week at Gannett, Poynter reported . In total, about 800 employees across several brands, including AOL and Yahoo, were cut. Asheville North Carolina News - citizen-times is the home page of The Citizen Times with in depth local news, sports and entertainment. However, this trend has been ongoing for years, starting 2008.

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