Gannett is experiencing a mass exodus among top execs. Here
WEBMay 11, 2023 · Gannett, which owns roughly 200 dailies and is the country’s largest newspaper chain, went into financial freefall last summer. Massive quarterly losses led to more than 600 layoffs, furloughs ...
Why does the New York Times prosper while Gannett struggles
WEBAug 8, 2022 · Every quarter, Gannett needs to apply a good chunk of incoming cash to interest and paying down principal on that debt, currently $1.34 billion. The Times has a third big advantage: a 15-year ...
Gannett’s 2024 priorities include ‘rebooting’ small ... - Poynter
WEBFeb 23, 2024 · Gannett — the largest newspaper company in the country — ended the fourth quarter of 2023 with a $22.9 million loss. Its total loss for fiscal year 2023 was $27.8 million, an improvement from ...
Gannett reports disastrous financial results; layoffs are coming
WEBAugust 4, 2022. Gannett recorded a dismal second quarter financially, the company reported Thursday – important revenues sources down, costs up and a loss of $54 million on revenues of $749 ...
Gannett, the largest newspaper company in the US, has seen ... - Poynter
WEBMay 10, 2021 · Gannett — the nation’s largest newspaper company with 250-plus dailies, about a fifth of the total — has seen revenues hammered as a result of the pandemic recession.
Gannett hits pause button on its promise to restaff its ... - Poynter
WEB1 day ago · May 1, 2024. For most of 2023 year and all of 2024 so far, Gannett has promised that it is working to add hundreds of new editorial positions, backfilling the many openings that were lost after a ...
After weeks of silence, Gannett revealed that it laid off 400
WEBBy: Angela Fu. August 31, 2022. Gannett CEO Mike Reed told staff in a companywide Q&A session Wednesday that Gannett laid off 3% of its U.S. workforce, or roughly 400 employees, in August ...
Gannett positions for the future by cutting today - Poynter
WEBSep 21, 2022 · Gannett positions for the future by cutting today The biggest US news company could have set a new course after disappointing financial results in August. Instead, it doubled down.
Gannett has reorganized with a new emphasis on digital ... - Poynter
WEBBy: Rick Edmonds. June 2, 2022. Gannett announced a strategic reorganization Wednesday, dialing back on top executive effort devoted to publishing while elevating its smaller but growing digital ...
Gannett launches a network-wide push to rework its crime …
WEBAug 12, 2021 · Gannett, the largest newspaper chain in the country, is seeking to reduce its reliance on police sources as part of a larger effort to make its crime coverage more enterprising, rather than reactive.
Opinion | Gannett and McClatchy to drop The Associated Press
WEBMar 20, 2024 · Gannett, the publisher of USA Today and the largest newspaper chain in the country with more than 200 outlets, announced it will stop using content provided by The Associated Press starting next week.
Gannett tells its news division that more layoffs are coming
WEBNovember 17, 2022. Gannett’s news division is being hit with another round of layoffs, the company’s third move to slash costs in the last six months. Journalists were informed in a note ...
Gannett increases profit outlook as digital revenue grows
WEBAugust 3, 2023. Gannett announced Thursday that for the second quarter in a row, it was raising its full year outlook for profit, cash flow and adjusted EBITDA (earnings before interest, taxes ...
Gannett has sold 23 publications back to local owners - Poynter
WEBJul 27, 2021 · Poynter previously reached out to Gannett, which owns more than 100 daily publications in 34 states and many more weeklies, for details about the sales. Gannett shared a list of the publications ...
Gannett initiates another round of layoffs, cutting its news
WEBDecember 1, 2022. Gannett started another round of layoffs Thursday, just four months after the company terminated hundreds of employees. The layoffs, which will continue into Friday, are part of ...
Gannett sheds three news executives - Poynter
WEBBy: Rick Edmonds. March 27, 2024. In a month that Gannett announced it is dropping its expensive Associated Press service, it has also parted company with three high-level news executives. It was...
Maribel Perez Wadsworth is leaving Gannett - Poynter
WEBNovember 9, 2022. Maribel Perez Wadsworth, president of Gannett Media and publisher of USA Today, will be leaving the company at the end of the year, Her departure was announced in a Securities...
Gannett lays off roughly 400 staff after dismal second ... - Poynter
WEBAug 12, 2022 · Gannett, the nation’s largest newspaper chain with more than 200 papers, executed a round of layoffs starting Aug. 12, a week after the company announced its second-quarter results: a loss of ...
At Gannett, digital subscriptions are up and debt is down
WEBNovember 5, 2021. Gannett is making progress on growing paid digital subscriptions — now 1.5 million across the chain — and diversifying its USA Today sports offerings with a premium app and a ...
Gannett owns a student paper. It also experienced cuts.
WEBJan 25, 2023 · The FSView & Florida Flambeau, a student newspaper for Florida State University owned by Gannett, lost at least three paid positions and had its weekly print pages cut from 12 to eight. The ...
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