A third round of cuts hits the Advertiser Dec 4, 2008
The companywide cuts that began in Gannett Co. newspapers across the mainland yesterday rolled through the Honolulu Advertiser today ... The companywide cuts that began in Gannett Co. newspapers across the mainland yesterday rolled through the Honolulu Advertiser today. (Honolulu Star-Bulletin)
Great Falls Tribune lays off 6 employees Dec 4, 2008
GREAT FALLS (AP) The Great Falls Tribune laid off six employees Wednesday as the parent Gannett Co., the nation's largest newspaper company, carried out a 10 percent work force cut announced in October in response to declining revenue. The Tribune is one of 85 daily newspapers published by Gannett, including USA Today. (Montana Standard, MT)
Phoenix Newspapers lays off 97 employees Dec 4, 2008
The 10 percent goal was announced by parent Gannett Co., Inc. in October as part of a companywide cost-reduction effort. "The action today is solely a reflection of the tough economic conditions that we see now and continuing into the future," Zidich said Wednesday. (AZCentral -- Business)
RDU likely to keep fighting newspaper vending boxes Dec 3, 2008
Boyle sided with The News ver, The Durham Herald Co., The New York Times Co. and Gannett Co., which publishes USA Today. Citing limited business hours at airport newsstands, Boyle wrote that RDU's vending box ban is unconstitutional because it "substantially burdens the newspaper companies' expressive conduct within that public place."John Brantley, RDU director, said the airport has spent "several hundreds of thousands of dollars" in public money to fight the newspapers' lawsuit. (News & Observer)
Gannett begins carrying out planned 10% cut Dec 3, 2008
The nation's largest newspaper company, USA Today publisher Gannett Co., has begun implementing a 10 percent work force cut announced in October in response to declining revenue. Employees at some of the company's 85 local and regional papers learned Monday and Tuesday what cuts will occur at their publications. (AZCentral -- Business)
Let's Shop Sweepstakes Dec 2, 2008
Employees of Gannett Co., Inc., and its affiliates and subsidiaries, advertising or promotional agencies, and the immediate family members of, and any persons domiciled with such employees, are not eligible ... By entering the Sweepstakes, entrants release Gannett Co., Inc., and its affiliates and any other promotional sponsors from any claims, demands losses or liabilities arising in connection with the Sweepstakes, or the receipt or use of any prize awarded. (Florida Today)
Fed Commercial Paper Holdings Rise to $295.1 Billion (Update2) Nov 30, 2008
Companies from newspaper publisher Gannett Co. to insurer American International Group Inc. were affected by disruptions to the market for commercial paper, which companies use for day-to- day expenses such as payrolls and rent. Commercial Paper. (Bloomberg)
Steve Betts to chair Phoenix-area branding committee Nov 30, 2008
Former Arizona Republic Publisher and Gannett Co. executive Sue Clark Johnson. Greater Phoenix Economic Council CEO Barry Broome. (Phoenix Business Journal, AZ)
Walters Group acquired by Washington, D.C., firm Nov 26, 2008
Topix LLC is a privately held company with investment from three media companies: Gannett Co. Inc., McClatchy Co. and Tribune Co.. Chris Churchill. (Albany Times Union)
USA Today to cut 5 percent of newsroom staff Nov 25, 2008
The cuts come a year after USA Today shed about 45 newsroom positions through a buyout last November and just a month after parent company Gannett Co. conducted the second round of layoffs for the year at its other properties across the country. Affected employees will not be offered buyouts this time but will be eligible for a week of severance for every year of employment, up to 26 weeks. (Honolulu Advertiser)
Riding Obama's Coattails, Making a Buck Along the Way Nov 24, 2008
There are similar books being sold by the news media that include Life, another Time Inc. brand; Newsweek, part of the Washington Post Company; and USA Today, owned by the Gannett Company, in collaboration with the ABC News division of the Walt Disney Company. After the news-related products came Obama e-cards, from companies like Hewlett-Packard, which is inviting computer users to celebrate the Democratic victory with a free greeting card from the HP Creative Studio, available at hp. (Atlanta Journal-Constitution -- Business)
Local retailers brace for tight holiday season Nov 23, 2008
2007 The Journal News, a Gannett Co. Inc. newspaper serving Westchester, Rockland and Putnam counties in New York. (Lower Hudson Journal news)
Charities' needs are 'greater than ever' Nov 23, 2008
Gannett Co., Inc., is the parent company of The Republic and 12 News. Who makes this possible. (AZCentral -- News)
More about Metromix Brevard Nov 20, 2008
Thursday, November 20, 2008. Your browsers security settings are preventing some features from appearing. (Florida Today)
DeSilva+Phillips Client Ripple6, Social Media Tech Company, Sold to Gannett Nov 15, 2008
DeSilva+Phillips, media investment bankers, announces that its client Ripple6, Inc., a leading provider of social media services, has been sold to Gannett Co. Inc. (NYSE: GCI) ... Gannett Co. announced that as part of the transaction, the 10 percent share of Ripple6 owned by Chris Saridakis, senior vice president and chief digital officer of Gannett, was bought out completely by Gannett ... Ripple6 is based in New York and its list of clients and partners includes Procter e, Gannett Co.,... (Yahoo News -- Press Releases)
USA TODAY Remains Most Widely Read Newspaper in the United States Nov 14, 2008
USA TODAY is published by Gannett Co., Inc. (NYSE: ). The USA TODAY brand also includes: USATODAY.com, an award-winning news and information Web site that is updated 24 hours per day; USA TODAY Sports Weekly, a magazine for enthusiasts of college and professional football and baseball; USA TODAY Mobile, offering up-to-the minute news and information on a variety of mobile platforms and devices; and USA TODAY LIVE, the television arm of the USA TODAY brand that brings the spirit and quality of... (PR Newswire)
'Indianapolis Star' to Print Richmond 'Palladium-Item' Nov 14, 2008
Both newspapers are owned by Gannett Co. Inc.. The move will eliminate approximately 60 full- and part-time positions in Richmond, according to President and Publisher Juli Metzger. (MediaWeek.com)
Stuart Ho added to '50 Voices' statehood series Nov 13, 2008
He has also served on numerous business and nonprofit boards, including Aloha Airlines, Bank of Hawai'i, Gannett Co., and the Aloha Festivals. Stuart Ho's 50 Voices of Statehood vignette will air this week. (Honolulu Advertiser)
Time Warner's Books Full of Bias, Full of Bull Nov 13, 2008
Some of those are media companies, including newspaper publisher Gannett Co. Most are not, such as defense contractor Northrop Grumman Corp., drugmaker Boston Scientific Corp., retailer Macy's Inc., and supermarket chain Supervalu Inc.. All this is further confirmation that the worst of the economic crisis lies ahead. (Bloomberg -- Columnists)
Trib's $122M loss deepens financial woes Nov 12, 2008
The company has also been selling assets, including Newsday for $692 million to Cablevision Systems Corp. in July and a 10% stake in CareerBuilder LLC to Gannett Co. for $135 million in September. It has used the proceeds to pay down some of its debt, which now stands at $11. (Crain's Chicago Business)
Up to 13 Conn. papers may close if buyer isn't found Nov 12, 2008
The nation's largest newspaper publisher, Gannett Co., laid off 10 percent of its work force in August and announced plans last month to lay off another 10 percent because of weak advertising revenues. Once a reliable source of cash flow, newspapers have an uncertain future because of the weakened economy, Doctor said, and owners who might rather not cope with that future are nonetheless being forced to because willing buyers are few to nonexistent. (Atlanta Journal-Constitution)
Klink Named `Indy Star¿ V.P. Of Finance, Gannett Interstate Group Controller Nov 12, 2008
CHICAGO Bruce Klink, who had been vice president of financial operations for Gannett Co. Inc.'s U.S. Community Publishing Group, has been named vice president of finance for the chain s Indianapolis Star. Klink also was named controller for Gannett s Interstate Group of newspapers, which is headquartered at the Star. (MediaWeek.com)
Tribune Posts Quarterly Loss, Revenue Falls Nov 11, 2008
November 10, 2008 FONT SIZE. NEW YORK (Reuters) - Tribune Co, the U.S. newspaper publisher and broadcaster trying to pay off billions of dollars in debt, reported a loss from continuing operations and a 10 percent revenue drop on Monday as advertising sales fell. (ABC News -- Wire)
Tribune Reports 2008 Third Quarter Results Nov 11, 2008
On Sept. 2, 2008, the Company sold a 10 percent interest in CareerBuilder, LLC to Gannett Co., Inc. for $135 million. On July 1, 2008, the Company and Tribune Receivables LLC, a wholly-owned subsidiary of the Company, entered into a $300 million trade receivables securitization facility. (Yahoo! Wire -- Entertainment News)
Gannett to Sell Old Pressroom Property in Honolulu Nov 7, 2008
NEW YORK The Honolulu Advertiser reported Wednesday that parent Gannett Co. Inc. intends to sell property next to the Advertiser's headquarters. The parcel has been unused except for parking since printing was moved to a new, $82 million plant in nearby Kapolei (E&P Online, Nov. 24, 2003). (MediaWeek.com)
Detroit Free Press, The Detroit News Experience Historic Sales; Reprints 110,000 Copies Nov 6, 2008
Gannett Co., Inc., owner of the Free Press, is the general partner in DMP; MediaNews Group, owner of The News, is the limited partner. SOURCE: 2008 Scarborough Report - Detroit DMA. (PR Newswire)
Honolulu Advertiser parcel to be sold Nov 6, 2008
Gannett Co. Inc. intends to sell property adjacent to The Honolulu Advertiser's Kaka'ako news building in a renewed effort to capitalize on real estate that largely has been unused since the newspaper's printing operations relocated to Kapolei four years ago. The Advertiser's owner retained commercial real estate brokerage firm CB Richard Ellis to market the nearly 3-acre parcel without an asking price. (Honolulu Advertiser)
Gannett CEO takes $200K pay cut as layoffs readied Nov 6, 2008
NEW YORK The chief executive of Gannett Co. will take a voluntary 17 percent pay cut through next year, while senior executives will have their salaries frozen as the nation's top newspaper publisher prepares for major layoffs next month. In a company memo to staff obtained by The Associated Press on Tuesday, Craig Dubow acknowledged deep sacrifices that all employees were making. (San Diego Union-Tribune -- Business)
Classified Ventures' Homescape Signs Century 21 Brokers Nov 5, 2008
Chicago-based Classified Ventures is a joint venture owned by Belo Corporation, Gannett Co. Inc., The McClatchy Company, Tribune Company, and The Washington Post Company. E&P Staff (). (MediaWeek.com)
US print media to slash jobs Nov 2, 2008
NEW YORK: Gannett Company Inc, the largest US newspaper chain, has announced that it will lay off about 10% of its workforce by early December. The move, together with projected job cuts at Time, New York Times and other big-name media organisations, has made the US economic scenario look even gloomier for many. (India Times, India)
Lee Enterprises suspends dividends as ads weaken Nov 1, 2008
The changes and new agreement with lenders are similar to those obtained over the past two months by The McClatchy Co., A.H. Belo Corp. and Morris Publishing Group LLC. Gannett Co. also said last week it was nearing a new deal with lenders. Freedom Communications Inc. has said it likely missed targets for the July-September quarter and was in talks with lenders, while Media General Inc. said it has begun negotiations because its projections show the company coming too close for comfort in... (Orangeburg Times and Democrat, SC)
U.S. newspapers, magazines to slash 10% jobs Nov 1, 2008
NEW YORK, Oct. 31 (Xinhua) -- Gannett Company, Inc., the largest U.S. newspaper chain, announced Tuesday that it will lay off about 10 percent of its workforce by early December. The move, together with projected job cuts at Time Weekly, New York Times and other big-name media organizations, has made the U.S. economic scenario look even gloomier for many. (Xinhuanet, China)
Ad sales drop squeezes 3Q earnings for Post, Belo Nov 1, 2008
Like Gannett Co. and Media General Inc., the Post company saw revenue at its television stations grow slightly because of a boost from the Olympics and political advertising, but ad sales in other categories were generally weak. Associated Press Business Writer Michelle Chapman contributed to this story. (San Diego Union-Tribune -- Business)
Lee restructures debt payments Oct 31, 2008
Gannett Co. also said last week it was nearing a new deal with lenders. Mary Junck, Lee s chairman and chief executive, said the suspension of dividends, while mandated under the new agreement, should produce annual savings of 34 million to further reduce debt. (Winona Daily News, MN)
New Products, Advertising Models Needed To Keep Quality Journalism, News Executives Tell National Press Club Forum at Drake University Oct 31, 2008
(Logo: ) "The business model is clearly broken," said Laura Hollingsworth, publisher of the Des Moines Register, part of the Gannett Co. that announced this week another 10 percent cut in personnel. Supporting quality reporting and investigative projects is the essential piece of what the company is doing, she said, but it is only one piece. (PR Newswire)
Gannett Adds Two Directors, Keeps Full Dividend Oct 31, 2008
CHICAGO Gannett Co. Inc. added two directors to its board Thursday, and again declared a 40-cent-per-share quarterly dividend, maintaining the higher level it set in the summer of 2007. Some newspaper companies, notably The New York Times Co. and The McClatchy Co., have come under pressure to cut dividends and use free cash flow to pay down debt. (MediaWeek.com)
Christian Science Monitor to end daily publication Oct 30, 2008
And, in the context of initiating coverage of three major newspaper publishers Gannett Co., The New York Times Co. and The McClatchy Co. she said online revenue is years away from offsetting declines in print. Yemma said the newspaper has been operating at a loss for years, and has received a subsidy from the church to fund the deficit. (San Diego Union-Tribune -- Business)
Gannett to cut 10% of workers as its profit slips Oct 29, 2008
The Gannett Company, the nation's largest newspaper chain, will lay off about 10 percent of its work force by early December, company executives said on Tuesday, a few days after Gannett disclosed another sharp drop in revenue and earnings. The layoffs will not apply to the company's flagship paper, USA Today, but to the company's 84 other daily newspapers in the United States, and more than 800 small, nondaily local papers. (International Herald Tribune -- Technology)
Gannett to lay off another 10 pct at local papers Oct 29, 2008
Gannett Co., the nation's largest newspaper publisher, said Tuesday it will lay off another 10 percent of the work force in its local newspapers division as advertising revenue continues to plummet during the economic downturn. The latest reductions, to come by early December, follow a 3 percent cut announced in August. (BusinessWeek)
Selling Papers Oct 28, 2008
On Friday, Gannett Co. (nyse: - - ) reported that third-quarter revenue fell 9% from the same quarter last year to $1. 64 billion. (Forbes -- Business)
Economic woes drive decision Oct 27, 2008
Gannett Co. Inc. purchased the magazine in 2005 through its Republic Media arm for an undisclosed sum. It s kind of a sad day for us to see it go away, said Brian Sacks. (Phoenix Business Journal, AZ)
Wild stock selling might be a sign of silliness, or of doom Oct 26, 2008
I own 52 shares of Gannett Co., where I worked 20 years ago at its flagship newspaper, USA Today. Because I write about the stock market, nearly all of my investments are in mutual funds, to avoid the risk of a perceived conflict of interest. (Fresno Bee -- Business)
Business Briefs Oct 25, 2008
Gannett Co., the nation's largest newspaper publisher, said Friday that its third-quarter profits fell 32% as advertising revenue declined, and new job cuts are likely as a result. Friday saw the 16th Federal Deposit Insurance Corp.-insured bank closure this year in the U.S. when Georgia closed the two branches of Alpha Bank and Trust in Alpharetta. (Fresno Bee)
Gannett 3Q Profits Down 32 Pct, Signals Job Cuts Oct 25, 2008
Gannett Co., the nation's largest newspaper publisher, said Friday that its third-quarter profits fell 32 percent as advertising revenue declined, and new job cuts are likely as a result. With ad prospects continuing to look grim into next year, Gannett said it is exploring new job reductions by year's end in its publishing, corporate and other divisions. (ABC News -- Wire)
Gannett Profit Falls Short on Weak Advertising Oct 25, 2008
By Robert MacMillan October 24, 2008 FONT SIZE. NEW YORK (Reuters) - Gannett Co Inc , the largest U.S. newspaper publisher, posted lower-than-expected quarterly profit on Friday, reflecting anemic print advertising sales across the industry. (ABC News -- Wire)
Star-Ledger cuts newsroom staff by nearly half Oct 25, 2008
Also Friday, Gannett Co. said it would explore additional job cuts beyond the 1,100 announced this summer because of poor economic conditions, while A.H. Belo Corp. said it was imposing a companywide wage freeze Nov. 1 and suspending profit-based payments to retirement plans in January until it returns to profitability. . (Atlanta Journal-Constitution -- Business)
A.H. Belo imposes wage freeze until profitable Oct 25, 2008
Gannett Co. said Friday that additional job cuts were likely as ad prospects continue to look grim ... The McClatchy Co. got a new credit agreement with lenders last month and Gannett Co. said Friday it was close to reaching one. (San Diego Union-Tribune -- Business)
Gannett third-quarter profit falls as newspaper ad sales slip Oct 24, 2008
NEW YORK, (Reuters) Gannett Co. , the largest U.S. newspaper publisher, posted lower quarterly profit Friday, because of lower print advertising sales. Gannett, which publishes USA TODAY, the largest newspaper by circulation, said third-quarter net income fell 32. (USA Today -- Money)
McClatchy saw worst ad drop all year last month Oct 22, 2008
The New York Times Co. and Gannett Co. expect to report their monthly totals later this week along with their third-quarter earnings. To offset revenue reductions, McClatchy already announced two rounds of job cuts of about 10 percent each this year. (San Diego Union-Tribune -- Business)
Bank of Canada sets interest rate, Tuesday Oct 18, 2008
Globe and Mail Update. October 17, 2008 at 5:09 PM EDT. (Globe and Mail -- Business)
U.S. newspaper stocks dive, analyst cuts estimates Oct 16, 2008
Seen your credit card limit cut. Been turned down for an auto loan. (San Diego Union-Tribune -- Business)
Despite debt, newspapers likely to survive Oct 14, 2008
The nation's largest U.S. publisher, Gannett Co., is down 81 percent over that period. Journal Register, which owns 22 daily newspapers, has been delisted from the New York Stock Exchange and the value of all its outstanding shares stood at $315,000 Friday. (Honolulu Advertiser)
USAT Texts Ads Alongside News Oct 6, 2008
Typically our readers don t text message, said Matt Jones, director of mobile strategy and operations for Gannett Digital, a unit of USA Today parent, Gannett Co. That s something their kids do. We re trying to introduce the value proposition of these types of services and how they can be. (MediaWeek.com)
Gannett to Standard & Poor's: We're Solid Oct 3, 2008
NEW YORK The Gannett Co. issued a statement regarding Standard & Poor's placing the McLean, Va. -based company's long and short-term credit ratings on a credit watch today. (MediaWeek.com)
Technology spurs growth of fantasy sports in U.S Sep 25, 2008
By Ben Klayman, CHICAGO (Reuters). If Scott Troetel is out with friends when the Indianapolis Colts are playing, he often reaches for his Blackberry to check how running back Joseph Addai is doing. (Yahoo News -- Auto Racing)
Del R. Bryant, Amador Bustos, Philip Jones and Cecil L. Walker Re-Elected as Members of the Board at Broadcast Music, Inc. (BMI) Sep 24, 2008
Continuing in their terms on the board of directors are: N. John Douglas, President/CEO, AIM Broadcasting, LLC, Palo Alto, CA; Catherine L. Hughes, Founder & Chairperson, Radio One, Inc., Lanham, MD; Jerome L. Kersting, Executive Vice President, Tribune Company, Chicago, IL; Virginia Hubbard Morris, Vice President, Hubbard Broadcasting, Inc., St. Paul, MN; Mark Pedowitz, President, ABC Studios, Burbank, CA; G. Neil Smith, President, GNS Media, LLC, Liberty, SC; K. James Yager, CEO, Barrington... (Yahoo! Wire -- Entertainment News)
Diversity Advocate Nancy Hicks Maynard Dies Sep 23, 2008
In 1983, the couple purchased the financially struggling Oakland Tribune from Gannett Co. They sold it in 1992 as Robert Maynard was struggling with prostate cancer. He died the following year. (Time.com)
Nancy Maynard, 61; Newspaper Owner Pressed for Diversity Sep 22, 2008
A pioneering African American reporter for the New York Post and the New York Times, she and her husband Robert C. Maynard purchased the financially ailing Oakland Tribune from Gannett Co. in 1983, making it the only major daily with African American owners. The Tribune won a 1989 Pulitzer Prize for photographs of the San Francisco Bay area earthquake. (Washington Post)
Diversity advocate Nancy Hicks Maynard dies at 61 Sep 22, 2008
In 1983, the couple purchased the financially struggling Oakland Tribune from Gannett Co. They sold it in 1992 as Robert Maynard was struggling with prostate cancer. The paper remains the only major metropolitan daily to have ever been black-owned. (Fresno Bee -- State)
Home Sale Maximizer™ Integrates With AgentView Sep 19, 2008
About Classified Ventures Classified Ventures is a strategic joint venture among five media companies, including Belo Corp. (NYSE:BLC), Gannett Co. Inc. (NYSE:GCI), The McClatchy Co. (NYSE:MNI), Tribune Co. (NYSE:TRB) and The Washington Post Co. (NYSE:WPO), whose objectives are to collectively capitalize on the revenue growth in the online advertising categories of automotive, real estate and rentals. To execute on its objectives, Classified Ventures has four leading businesses -- , Cars. (Yahoo News -- Press Releases)
Chronicle names new president Sep 19, 2008
Prior to joining Hearst, Adkins worked for Gannett Co. Inc., publisher of USA Today, for 23 years in numerous executive positions. He left Gannett in 2005 as vice president of advertising responsible for strategic and sales oversight of the 90 U.S. local daily newspapers the company owned at the time. (San Francisco Chronicle -- Technology)
Hearst names president of San Francisco Chronicle Sep 18, 2008
Adkins previously worked for Gannett Co. Inc., publisher of USA Today, for 23 years in numerous executive positions. He left in 2005 as vice president of advertising. (Fresno Bee -- Business)
Asbury Park Press names Hollis Towns new editor Sep 17, 2008
Both papers are owned by Gannett Co.. Towns, 44, said he'll make local news and investigative stories his priorities at the Press, which is New Jersey's third-largest paper. (Cleveland.com -- News)
McClatchy makes more staffing cutbacks Sep 17, 2008
Earlier this month, Gannett Co. said it was cutting about 100 management jobs at its newspapers across the country, less than a month after the nation's largest newspaper publisher eliminated some 1,000 positions. Like the rest of its industry, McClatchy has seen ad revenue plummet this year because of the weak economy and the continuing shift of audiences and advertisers to the Internet from newspapers. (Anchorage Daily News)
Phoenix Newspapers announces 37 layoffs Sep 17, 2008
In August, parent company Gannett Co., Inc., announced it was eliminating 1,000 jobs across its newspaper operations. Type Size. (AZCentral -- Business)
