Gannett revenue down. More layoffs?

Forbes reports that Gannett Co., the nation’s leading newspaper publisher, predicted its full-year sales would fall about 8 percent, a forecast that’s largely in line with analyst expectations.
Gracia Martore, the company’s chief financial officer, said revenue for 2008 should be about $6.8 billion, down from $7.4 billion last year.
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Additionally, the Washington Business Journal is also reporting that the reduction in revenue could mean more job cuts for Gannett employees in 2009. The company just completed a massive company-wide staff reduction this December.