More news outlets instituting furloughs

Following what seems to be a growing trend, two more media companies announced today that they will be instituting furloughs in efforts to cut back on spending.
Advance Publications will require many employees to take ten-day furloughs, according to Editor & Publisher.

Word of the furloughs began to spread last week, but formal announcements were going out today at most of the company’s Newhouse Newspapers, including The Star-Ledger in Newark, N.J.; The Plain Dealer in Cleveland; The Oregonian in Portland; The Times-Picayune in New Orleans; and The Staten Island (N.Y.) Advance[...]

Gannett, which instituted furloughs over the first quarter this year, will do so again for the second quarter, according to Yahoo! Finance.

The first-quarter furloughs saved Gannett about $20 million. The company declined to estimate how much Gannett it will save from the second-quarter furloughs.
This time around, the owner of USA Today and more than 80 other daily U.S. newspapers is requiring its highest-paid workers to relinquish up to two weeks pay. The extra week applies to a group that includes Dubow, other top executives and newspaper workers making more than $90,000 annually, Gannett spokeswoman Tara Connell said.

Both companies cited the economy as the main reason such measures will be taken.

Click to read more about the furloughs by Advance Publications and Gannett.