Gannett expects 3rd-quarter earnings to top expectations; sales missSeptember 30th, 2009 Gannett expects 3Q earnings to top expectationsMCLEAN, Va. — Gannett Co., the largest newspaper publisher in the U.S., says it expects third-quarter earnings to far outpace expectations despite a shortfall in revenue.
Gannett expects 3rd-quarter earnings to top Wall Street estimates; sales missSeptember 30th, 2009 Gannett expects 3Q earnings to top estimatesNEW YORK — Gannett Co., the largest newspaper publisher in the U.S., said third-quarter earnings should far outpace expectations despite a narrow shortfall in revenue, as layoffs and falling newsprint costs help offset weak advertising sales. Tuesday's announcement gave a sharp boost to Gannett's and other newspaper stocks.
Budget woes force layoffs at evangelical group Focus on the FamilySeptember 2nd, 2009 Budget woes force Focus on the Family layoffsCOLORADO SPRINGS, Colo. — Conservative Christian group Focus on the Family is laying off 8 percent of its work force.
Newspapers' 2Q advertising sales plummet 29 percent, reducing revenue by $2.8B from last yearAugust 27th, 2009 Newspaper slump deepens as 2Q ad sales fall 29 pctWASHINGTON — Newspaper advertising sales shrank by another $2.8 billion in the second quarter, a 29 percent decline from the same time last year. The numbers released Thursday by the Newspaper Association of America show the industry's financial woes deepened in the April-June period.
Sonus Networks to cut more jobs as restructuring activities wind downAugust 13th, 2009 Sonus Networks to lay off 10 percent of workforceWESTFORD, Mass. — Sonus Networks Inc.
San Diego Union-Tribune to ax 112 jobs in latest round of cuts since new ownershipAugust 13th, 2009 San Diego Union-Tribune announces 112 job cutsSAN DIEGO — The San Diego Union-Tribune reports that 112 jobs are being cut at the newspaper, the second round of major layoffs since an ownership change in May. Wednesday's cuts follow the elimination of 192 positions three months ago, when Beverly Hills-based investment firm Platinum Equity bought the city's dominant newspaper from longtime owner The Copley Press.
McClatchy posts higher 2nd-quarter profit despite drop in revenueJuly 21st, 2009 McClatchy posts higher 2Q profit despite slumpSACRAMENTO, Calif. — Newspaper publisher McClatchy Co.
Gannett posts 2nd-qtr profit above analyst views despite sales dropJuly 15th, 2009 Gannett beats forecast with 2Q profit; shares jumpNEW YORK — Gannett Co., the largest U.S. newspaper publisher, topped expectations for its second-quarter earnings Wednesday as it reversed a loss from a year ago, even though advertising revenue continues to dive.
Gannett posts 2nd-qtr profit above analyst views, reversing year-ago loss despite sales dropJuly 15th, 2009 Gannett posts 2Q profit, beating analyst viewsMCLEAN, Va. — Gannett Co.
Gannett Co. eliminates 125 positions at its 6 New Jersey newspapersJuly 10th, 2009 Gannett eliminates positions at 6 NJ newspapersTRENTON, N.J. — Gannett Co.
Gannett to cut 1,400 jobs as slump in advertising revenue continuesJuly 1st, 2009 Gannett to cut 1,400 jobs in new round of cutsNEW YORK — Newspaper publisher Gannett Co. plans to cut 1,400 jobs in the next few weeks, about 3 percent of the work force, as it faces a prolonged slump in advertising revenue.
Report: Gannett to jettison more than 1,000 workers to offset counter newspaper ad slumpJuly 1st, 2009 Report: Gannett to lay off more than 1,000 workersMCLEAN, Va. — Gannett Co.
Union agreements keep Boston Globe alive, but newspaper's future uncertainMay 9th, 2009 Agreement keeps Boston Globe alive, but what next?BOSTON — While a tentative agreement between the owner of The Boston Globe and its largest employees union may keep the newspaper alive for now, the long-term future of the 137-year-old Globe is still uncertain. The Globe reported on its Web site Wednesday that the proposal calls for employees in the Boston Newspaper Guild to take an 8.3 percent wage cut and a five-day unpaid furlough, for a total pay cut of roughly 10 percent.
Gannett leaves dividend unchanged at 4 cents per share in bid to preserve cashApril 28th, 2009 Gannett declares dividend of 4 cents per shareMcLEAN, Va. — Gannett Inc.
Detroit Free Press publisher Hunke named to top post at USA Today, Hillkirk named editorApril 28th, 2009 Detroit publisher named to top post at USA TodayMcLEAN, Va. — Fresh off a Pulitzer Prize win for his newspaper, Detroit Free Press Publisher David Hunke was appointed Tuesday to head the nation's largest newspaper, USA Today.
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