Gannett to cut more jobs at local papers

Reuters is reporting Gannett Co. Inc. plans to lay off about 10 percent of its workforce at local newspapers. This is the second round of layoffs for the company in the past two months. Robert Dickey, president of the newspaper division, sent the following memo to staff Tuesday: 

"As all of you are painfully aware, the fiscal crisis is deepening and the economy is getting worse. Gannett's revenues continue to be severely impacted by this downturn, and our local operations are suffering...While this is more bad news, it is a sign of Gannett's determination to remain healthy and viable as a company during these turbulent economic times."

Gannett is the largest newspaper publisher in the United States. The company owns more than 80 local dailies all over the country including The Arizona Republic, the Tallahassee Democrat, the Argus Leader, and The Journal News. 

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