Gannett Sheds 700 Jobs
Window.fbAsyncInit = function() { FB.init({appId: 'your app id', status: true, cookie: true, xfbml: true}); }; (function() { var e = document.createElement('script'); e.async = true; e.src = document.location.protocol + '//connect.facebook.net/en_US/all.js'; document.getElementById('fb-root').appendChild(e); }()); , which saw big cuts in 2010, will not be subjected to layoffs this time around."As we reach the mid-point of the year, the economic recovery is not happening as quickly or favorably as we had hoped and continues to impact our U.S. community media organizations," wrote Robert J. Dickey , president of the community-publishing division, in an email to employees. "While we are seeing improved circulation results and audience growth, weakness in the real estate sector, slow job creation and now softer auto ad demand continue to challenge revenue growth in the division."
The papers affected include: the Arizona Republic Each newspaper publisher will be responsible for determining how their costs and revenues balance out with the current revenue trends in their market. On top of layoffs, furloughs will also be enforced on those whose salaries fall above a specific range. "In an effort to reduce the number of people being let go, there will be furloughs in the coming months but they will be limited only to those on the USCP corporate payroll who make over a certain salary," wrote Dickey. Gannett's last massive round of layoffs, which took place in July 2009, included about 1,400 employees. With four huge layoffs since 2008, some have criticized Garrett executives for their increasing salary and benefits. According to " Gannett Blog," Chairman and CEO Craig Dubow was paid $9.4 million in 2010, almost double of what he earned in 2009. Gannett, based in McLean, Va., also owns multiple television stations and careerbuilder.com. At the end of 2010, the media company had approximately 32,600 employees.
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But, in this weeks Springfield Business Journal report, the opening of his new business has brought along a lawsuit. The lawsuit, filed by Integrity, is against five former workers now employed at Phoenix. According to the lawsuit, Integrity claims
June 24, the results of the 2011 Hartford-Springfield Business Survey were released to the public. The findings were ominous at best. The survey found 25 percent of companies in the Hartford-Springfield region have been asked by other states to
News Journal, Springfield News-Leader, and The Tennessean, to name a few. According to the Indianapolis Business Journal, the Indianapolis Star laid off sixty-two employees. Fifteen percent of that was coming from newsroom cuts. The Courier-Journal
The company, a business unit of General Dynamics Corp ., announced Thursday it won the work to support the National Air and Space Intelligence Center, or NASIC, which is based at Wright-Patterson Air Force Base in Dayton, the Dayton Business Journal
General Martha Coakley has issued her second report on healthcare provider price disparities, saying the state should place temporary caps on prices charged to insurers by hospitals and physicians, according to a Boston Business Journal report.
The good — and bad — at Springfield Business Journal « Talking Biz ...
The Springfield Business Journal recently conducted a survey of its readers, asking them what they liked and disliked about the weekly business newspaper, and editor Eric Olson wrote about those results in the latest issue.
Among the good comments: “Excellent photography;” “Saves me time;” “Solid writing; quality content;” “The brand;” “News without sugar-coating, better than other media;” “Business news not printed elsewhere.”
Among the bad comments: “Interview questions are too private, causing competitive disadvantage;” “Not enough follow-through;” “Not enough on employees who make businesses profitable;” “Starting to see too many investigative reports that are not overly relevant;” “Slight bent toward status quo and the current chamber, city and county officials.”
Wrote Olson: “This information helps each department know more specifically with whom we are communicating. Each staff member has a copy of the survey results to review as needed.
“The information frames editorial content, identifies new circulation markets, targets advertising and marketing campaigns – both for clients and in-house – and creates demographics for our media kit.
“Surprisingly, sbj.net was not mentioned in any of the strengths or weaknesses listed. But other survey questions reveal a large potential market exists, as only 20 percent are registered users of sbj.net and only 13 percent subscribe to the Daily Update e-newsletter.”
Read more here .
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