Gannett, the nation’s largest newspaper publisher and owner of 9News (KUSA-TV), My20 (KTVD-TV) and the Fort Collins Coloradoan, announced it will “force thousands of its employees to take a week off without pay in an effort to avoid layoffs.” So we may find out who’s at the bottom of the totem pole at 9News in the coming weeks if the cuts extend to on-air talent.
Category: Gannett
Newspaper Update, Sponsored by Zoloft
Newspaper publisher (and KUSA/Channel 9 parent) Gannett is in the process of laying off 1,000 employees from its local newspapers across the country. Reuters has the details.
Newspaper Roundup, Sponsored by Zoloft
A Wachovia analyst cut his rating on the newspaper sector today, forecasting a steeper decline in advertising revenue over the next two years. Meanwhile, Gannett employees are, not surprisingly, unhappy with the company’s decision to freeze its pension program in light of significant revenue declines.
Students Fear CSU/Gannett Deal Would Erode Independence
Rumors in Fort Collins have media conglomerate Gannett discussing a partnership or even acquisition of the Colorado State University student newspaper, the Rocky Mountain Collegian.