The nation's largest newspaper publisher, and owner of WKYC-TV, is eliminating 1,000 jobs.The latest cost-cutting move at Gannett includes 600 layoffs. The newspaper industry is trying to cope with declining revenues due to an economic slump and a continuing migration of advertising dollars online.
USA Today, the largest-circulation newspaper in the country, isn't affected by the latest round of cutbacks, but had 45 job cuts of its own last November.
The latest cuts will affect Gannett's other newspapers, which include 84 dailies such as The Arizona Republic and the Detroit Free Press as well as nearly 900 non-daily publications. Other major newspaper publishers have also been slashing jobs.
Courtesy: The Associated Press
