Detroit Free Press, The Detroit News Experience Historic Sales; Reprints 110,000 Copies Nov 6, 2008
Gannett Co., Inc., owner of the Free Press, is the general partner in DMP; MediaNews Group, owner of The News, is the limited partner. SOURCE: 2008 Scarborough Report - Detroit DMA. (PR Newswire)
Honolulu Advertiser parcel to be sold Nov 6, 2008
Gannett Co. Inc. intends to sell property adjacent to The Honolulu Advertiser's Kaka'ako news building in a renewed effort to capitalize on real estate that largely has been unused since the newspaper's printing operations relocated to Kapolei four years ago. The Advertiser's owner retained commercial real estate brokerage firm CB Richard Ellis to market the nearly 3-acre parcel without an asking price. (Honolulu Advertiser)
Gannett CEO takes $200K pay cut as layoffs readied Nov 6, 2008
NEW YORK The chief executive of Gannett Co. will take a voluntary 17 percent pay cut through next year, while senior executives will have their salaries frozen as the nation's top newspaper publisher prepares for major layoffs next month. In a company memo to staff obtained by The Associated Press on Tuesday, Craig Dubow acknowledged deep sacrifices that all employees were making. (San Diego Union-Tribune -- Business)
Classified Ventures' Homescape Signs Century 21 Brokers Nov 5, 2008
Chicago-based Classified Ventures is a joint venture owned by Belo Corporation, Gannett Co. Inc., The McClatchy Company, Tribune Company, and The Washington Post Company. E&P Staff (). (MediaWeek.com)
US print media to slash jobs Nov 2, 2008
NEW YORK: Gannett Company Inc, the largest US newspaper chain, has announced that it will lay off about 10% of its workforce by early December. The move, together with projected job cuts at Time, New York Times and other big-name media organisations, has made the US economic scenario look even gloomier for many. (India Times, India)
Lee Enterprises suspends dividends as ads weaken Nov 1, 2008
The changes and new agreement with lenders are similar to those obtained over the past two months by The McClatchy Co., A.H. Belo Corp. and Morris Publishing Group LLC. Gannett Co. also said last week it was nearing a new deal with lenders. Freedom Communications Inc. has said it likely missed targets for the July-September quarter and was in talks with lenders, while Media General Inc. said it has begun negotiations because its projections show the company coming too close for comfort in... (Orangeburg Times and Democrat, SC)
U.S. newspapers, magazines to slash 10% jobs Nov 1, 2008
NEW YORK, Oct. 31 (Xinhua) -- Gannett Company, Inc., the largest U.S. newspaper chain, announced Tuesday that it will lay off about 10 percent of its workforce by early December. The move, together with projected job cuts at Time Weekly, New York Times and other big-name media organizations, has made the U.S. economic scenario look even gloomier for many. (Xinhuanet, China)
Ad sales drop squeezes 3Q earnings for Post, Belo Nov 1, 2008
Like Gannett Co. and Media General Inc., the Post company saw revenue at its television stations grow slightly because of a boost from the Olympics and political advertising, but ad sales in other categories were generally weak. Associated Press Business Writer Michelle Chapman contributed to this story. (San Diego Union-Tribune -- Business)
New Products, Advertising Models Needed To Keep Quality Journalism, News Executives Tell National Press Club Forum at Drake University Oct 31, 2008
(Logo: ) "The business model is clearly broken," said Laura Hollingsworth, publisher of the Des Moines Register, part of the Gannett Co. that announced this week another 10 percent cut in personnel. Supporting quality reporting and investigative projects is the essential piece of what the company is doing, she said, but it is only one piece. (PR Newswire)
Gannett Adds Two Directors, Keeps Full Dividend Oct 31, 2008
CHICAGO Gannett Co. Inc. added two directors to its board Thursday, and again declared a 40-cent-per-share quarterly dividend, maintaining the higher level it set in the summer of 2007. Some newspaper companies, notably The New York Times Co. and The McClatchy Co., have come under pressure to cut dividends and use free cash flow to pay down debt. (MediaWeek.com)
Lee restructures debt payments Oct 31, 2008
Gannett Co. also said last week it was nearing a new deal with lenders. Mary Junck, Lee s chairman and chief executive, said the suspension of dividends, while mandated under the new agreement, should produce annual savings of 34 million to further reduce debt. (Winona Daily News, MN)
Christian Science Monitor to end daily publication Oct 30, 2008
And, in the context of initiating coverage of three major newspaper publishers Gannett Co., The New York Times Co. and The McClatchy Co. she said online revenue is years away from offsetting declines in print. Yemma said the newspaper has been operating at a loss for years, and has received a subsidy from the church to fund the deficit. (San Diego Union-Tribune -- Business)
Gannett to lay off another 10 pct at local papers Oct 29, 2008
Gannett Co., the nation's largest newspaper publisher, said Tuesday it will lay off another 10 percent of the work force in its local newspapers division as advertising revenue continues to plummet during the economic downturn. The latest reductions, to come by early December, follow a 3 percent cut announced in August. (BusinessWeek)
Gannett to cut 10% of workers as its profit slips Oct 29, 2008
The Gannett Company, the nation's largest newspaper chain, will lay off about 10 percent of its work force by early December, company executives said on Tuesday, a few days after Gannett disclosed another sharp drop in revenue and earnings. The layoffs will not apply to the company's flagship paper, USA Today, but to the company's 84 other daily newspapers in the United States, and more than 800 small, nondaily local papers. (International Herald Tribune -- Technology)
Selling Papers Oct 28, 2008
On Friday, Gannett Co. (nyse: - - ) reported that third-quarter revenue fell 9% from the same quarter last year to $1. 64 billion. (Forbes -- Business)
Economic woes drive decision Oct 27, 2008
Gannett Co. Inc. purchased the magazine in 2005 through its Republic Media arm for an undisclosed sum. It s kind of a sad day for us to see it go away, said Brian Sacks. (Phoenix Business Journal, AZ)
Wild stock selling might be a sign of silliness, or of doom Oct 26, 2008
I own 52 shares of Gannett Co., where I worked 20 years ago at its flagship newspaper, USA Today. Because I write about the stock market, nearly all of my investments are in mutual funds, to avoid the risk of a perceived conflict of interest. (Fresno Bee -- Business)
Business Briefs Oct 25, 2008
Gannett Co., the nation's largest newspaper publisher, said Friday that its third-quarter profits fell 32% as advertising revenue declined, and new job cuts are likely as a result. Friday saw the 16th Federal Deposit Insurance Corp.-insured bank closure this year in the U.S. when Georgia closed the two branches of Alpha Bank and Trust in Alpharetta. (Fresno Bee)
Gannett 3Q Profits Down 32 Pct, Signals Job Cuts Oct 25, 2008
Gannett Co., the nation's largest newspaper publisher, said Friday that its third-quarter profits fell 32 percent as advertising revenue declined, and new job cuts are likely as a result. With ad prospects continuing to look grim into next year, Gannett said it is exploring new job reductions by year's end in its publishing, corporate and other divisions. (ABC News -- Wire)
Gannett Profit Falls Short on Weak Advertising Oct 25, 2008
By Robert MacMillan October 24, 2008 FONT SIZE. NEW YORK (Reuters) - Gannett Co Inc , the largest U.S. newspaper publisher, posted lower-than-expected quarterly profit on Friday, reflecting anemic print advertising sales across the industry. (ABC News -- Wire)
Star-Ledger cuts newsroom staff by nearly half Oct 25, 2008
Also Friday, Gannett Co. said it would explore additional job cuts beyond the 1,100 announced this summer because of poor economic conditions, while A.H. Belo Corp. said it was imposing a companywide wage freeze Nov. 1 and suspending profit-based payments to retirement plans in January until it returns to profitability. . (Atlanta Journal-Constitution -- Business)
A.H. Belo imposes wage freeze until profitable Oct 25, 2008
Gannett Co. said Friday that additional job cuts were likely as ad prospects continue to look grim ... The McClatchy Co. got a new credit agreement with lenders last month and Gannett Co. said Friday it was close to reaching one. (San Diego Union-Tribune -- Business)
Gannett third-quarter profit falls as newspaper ad sales slip Oct 24, 2008
NEW YORK, (Reuters) Gannett Co. , the largest U.S. newspaper publisher, posted lower quarterly profit Friday, because of lower print advertising sales. Gannett, which publishes USA TODAY, the largest newspaper by circulation, said third-quarter net income fell 32. (USA Today -- Money)
McClatchy saw worst ad drop all year last month Oct 22, 2008
The New York Times Co. and Gannett Co. expect to report their monthly totals later this week along with their third-quarter earnings. To offset revenue reductions, McClatchy already announced two rounds of job cuts of about 10 percent each this year. (San Diego Union-Tribune -- Business)
Bank of Canada sets interest rate, Tuesday Oct 18, 2008
Globe and Mail Update. October 17, 2008 at 5:09 PM EDT. (Globe and Mail -- Business)
U.S. newspaper stocks dive, analyst cuts estimates Oct 16, 2008
Seen your credit card limit cut. Been turned down for an auto loan. (San Diego Union-Tribune -- Business)
Despite debt, newspapers likely to survive Oct 14, 2008
The nation's largest U.S. publisher, Gannett Co., is down 81 percent over that period. Journal Register, which owns 22 daily newspapers, has been delisted from the New York Stock Exchange and the value of all its outstanding shares stood at $315,000 Friday. (Honolulu Advertiser)
USAT Texts Ads Alongside News Oct 6, 2008
Typically our readers don t text message, said Matt Jones, director of mobile strategy and operations for Gannett Digital, a unit of USA Today parent, Gannett Co. That s something their kids do. We re trying to introduce the value proposition of these types of services and how they can be. (MediaWeek.com)
Gannett to Standard & Poor's: We're Solid Oct 3, 2008
NEW YORK The Gannett Co. issued a statement regarding Standard & Poor's placing the McLean, Va. -based company's long and short-term credit ratings on a credit watch today. (MediaWeek.com)
Technology spurs growth of fantasy sports in U.S Sep 25, 2008
By Ben Klayman, CHICAGO (Reuters). If Scott Troetel is out with friends when the Indianapolis Colts are playing, he often reaches for his Blackberry to check how running back Joseph Addai is doing. (Yahoo News -- Auto Racing)
Del R. Bryant, Amador Bustos, Philip Jones and Cecil L. Walker Re-Elected as Members of the Board at Broadcast Music, Inc. (BMI) Sep 24, 2008
Continuing in their terms on the board of directors are: N. John Douglas, President/CEO, AIM Broadcasting, LLC, Palo Alto, CA; Catherine L. Hughes, Founder & Chairperson, Radio One, Inc., Lanham, MD; Jerome L. Kersting, Executive Vice President, Tribune Company, Chicago, IL; Virginia Hubbard Morris, Vice President, Hubbard Broadcasting, Inc., St. Paul, MN; Mark Pedowitz, President, ABC Studios, Burbank, CA; G. Neil Smith, President, GNS Media, LLC, Liberty, SC; K. James Yager, CEO, Barrington... (Yahoo! Wire -- Entertainment News)
Diversity Advocate Nancy Hicks Maynard Dies Sep 23, 2008
In 1983, the couple purchased the financially struggling Oakland Tribune from Gannett Co. They sold it in 1992 as Robert Maynard was struggling with prostate cancer. He died the following year. (Time.com)
Nancy Maynard, 61; Newspaper Owner Pressed for Diversity Sep 22, 2008
A pioneering African American reporter for the New York Post and the New York Times, she and her husband Robert C. Maynard purchased the financially ailing Oakland Tribune from Gannett Co. in 1983, making it the only major daily with African American owners. The Tribune won a 1989 Pulitzer Prize for photographs of the San Francisco Bay area earthquake. (Washington Post)
Diversity advocate Nancy Hicks Maynard dies at 61 Sep 22, 2008
In 1983, the couple purchased the financially struggling Oakland Tribune from Gannett Co. They sold it in 1992 as Robert Maynard was struggling with prostate cancer. The paper remains the only major metropolitan daily to have ever been black-owned. (Fresno Bee -- State)
Chronicle names new president Sep 19, 2008
Prior to joining Hearst, Adkins worked for Gannett Co. Inc., publisher of USA Today, for 23 years in numerous executive positions. He left Gannett in 2005 as vice president of advertising responsible for strategic and sales oversight of the 90 U.S. local daily newspapers the company owned at the time. (San Francisco Chronicle -- Technology)
Home Sale Maximizer™ Integrates With AgentView Sep 19, 2008
About Classified Ventures Classified Ventures is a strategic joint venture among five media companies, including Belo Corp. (NYSE:BLC), Gannett Co. Inc. (NYSE:GCI), The McClatchy Co. (NYSE:MNI), Tribune Co. (NYSE:TRB) and The Washington Post Co. (NYSE:WPO), whose objectives are to collectively capitalize on the revenue growth in the online advertising categories of automotive, real estate and rentals. To execute on its objectives, Classified Ventures has four leading businesses -- , Cars. (Yahoo News -- Press Releases)
Hearst names president of San Francisco Chronicle Sep 18, 2008
Adkins previously worked for Gannett Co. Inc., publisher of USA Today, for 23 years in numerous executive positions. He left in 2005 as vice president of advertising. (Fresno Bee -- Business)
McClatchy makes more staffing cutbacks Sep 17, 2008
Earlier this month, Gannett Co. said it was cutting about 100 management jobs at its newspapers across the country, less than a month after the nation's largest newspaper publisher eliminated some 1,000 positions. Like the rest of its industry, McClatchy has seen ad revenue plummet this year because of the weak economy and the continuing shift of audiences and advertisers to the Internet from newspapers. (Anchorage Daily News)
Asbury Park Press names Hollis Towns new editor Sep 17, 2008
Both papers are owned by Gannett Co.. Towns, 44, said he'll make local news and investigative stories his priorities at the Press, which is New Jersey's third-largest paper. (Cleveland.com -- News)
Phoenix Newspapers announces 37 layoffs Sep 17, 2008
In August, parent company Gannett Co., Inc., announced it was eliminating 1,000 jobs across its newspaper operations. Type Size. (AZCentral -- Business)
Long-term investments seem murky for BrandesHeavy holdings are in struggling financial firms Sep 17, 2008
It also owns 11 percent of the Gannett Co. and 7 percent of the McClatchy Co., which are being hurt by declines in newspaper readership and advertising. Nevertheless, Tony Cherin, finance professor at San Diego State University, defended the long-term investment outlook of value investors such as Brandes. (San Diego Union-Tribune -- Business)
USA TODAY to Open First Ever Retail Stores Sep 16, 2008
USA TODAY is published by Gannett Co., Inc. (NYSE: ). The USA TODAY brand also includes: USATODAY.com, an award-winning news and information Web site that is updated 24 hours per day; USA TODAY Sports Weekly, a magazine for enthusiasts of college and professional football and baseball; USA TODAY Mobile, offering up-to-the minute news and information on a variety of mobile platforms and devices; and USA TODAY LIVE, the television arm of the USA TODAY brand that brings the spirit and quality of... (PR Newswire)
Media firms use airports for branding, revenue Sep 16, 2008
The newspaper acknowledges that revenue from the stores won't offset rapid declines in advertising which was down nearly 17 percent in the second quarter at Gannett Co. compared with the same period last year and continued low in June, July and August. "It's a wonderful way to build additional audiences," said Christy Hartsell, director of brand licensing at Gannett's flagship newspaper. (MSNBC -- Travel)
Gannett non-broadcast ad revenue down 17% Sep 16, 2008
NEW YORK - Gannett Co., the nation's largest newspaper publisher, said Monday that its non-broadcast advertising revenue plunged more than 16 percent for the third consecutive month in August as a weak economy hit an already troubled ad market. The 16. (AZCentral -- Business)
Captivate Network Unveils Plans to Help Brands Come Alive; Strengthens Senior Management Team Sep 15, 2008
With new talent and innovative products in the pipeline aimed at increasing the brand awareness of our clients, I am confident that these three experienced media veterans will strengthen our corporate direction as we embark on the execution phase of our new strategy (Canada Newswire)
RIM to introduce new flip phone Sep 10, 2008
Gannett Co. is eliminating about 100 management jobs at its newspapers across the country on top of about 1,000 job cuts, including 600 layoffs, announced last month. Neither round of cuts affects Gannett's flagship newspaper, USA Today. (San Diego Union-Tribune -- Business)
Some IP Attorneys Look to Make Their Mark as Patent-Holders Sep 5, 2008
com and three of CareerBuilder's four parent companies: Microsoft Corp., Gannett Co. and McClatchy Co. Notably absent from the list is the fourth owner, Tribune Co., another newspaper heavyweight that happens to be a Quinn client. One of Powell's current targets, Microsoft Corp., is a premier client of his former employer, Weil Gotshal. (Law.com)
84,000 jobs lost in Aug.; jobless rate hits 6.1% Sep 5, 2008
Workforce reductions at companies from UAL Corp. to Gannett Co. are adding to the woes of Americans hurt by lower home values, scarcer credit and higher prices. The report may fuel concern that consumer spending, the biggest part of the economy, will decline and bring the expansion to a halt. (AZCentral -- Business)
Murfreesboro publisher to lead Clarksville paper Sep 4, 2008
The Gannett Co. announced Wednesday that Oppmann will serve as president and publisher of both Gannett papers. He replaces former Clarksville publisher Gene Washer, who retired on Friday after more than four decades at the newspaper. (WREG.com, TN)
Tribune sells a 10% stake in CareerBuilder Sep 4, 2008
(AP) Gannett Co. said Wednesday that it bought a 10 percent interest in CareerBuilder from for $135 million, giving it a majority stake in the employment Web site. The deal bumps Gannett's interest in CareerBuilder up to 50. (Crain's Chicago Business)
Soft economy speeds newspaper decline, job cuts Aug 31, 2008
McClatchy also will freeze pay across the company for a year starting Labor Day, while Gannett Co. announced in mid-August it was cutting 1,000 jobs, including 600 layoffs. Meanwhile, The San Diego Union-Tribune announced buyouts Thursday that aim to cut its staff by more than 75 positions, including some 30 in the newsroom. (San Diego Union-Tribune)
CNN to open bureaus in Phoenix, 9 other cities Aug 26, 2008
Gannett Co. Inc., parent company of the Arizona Republic, announced it's slashing 1,000 jobs from its newspaper division countrywide. This article is for Paid Print Subscribers ONLY.. (Phoenix Business Journal, AZ)
Top economic gauge drops 0.7 percent in July Aug 22, 2008
Newspaper publisher Gannett Co. Inc. said it would lay off 600 workers, Ford Motor Co. said it would cut 300 workers at an engine plant, and chip designer Rambus Inc. is trimming 90 jobs. Also in msnbc. (MSNBC -- Politics)
Listen To Brian Wilson's New Album Before It Hits Stores Aug 22, 2008
Gannett Co., Inc., a leading international news and information company that publishes 85 daily newspapers in the USA, including USA TODAY, is the parent company of WUSA9. Gannett also operates 23 television stations in the United States and is an Internet leader with sites sponsored by its TV stations and newspapers. (W-USA News, DC)
Test Your Texting Talent with USA Today Txtpert by Namco : A new word puzzle is ... Aug 20, 2008
USA TODAY is published by Gannett Co., Inc. (NYSE: GCI). The USA TODAY brand also includes: USATODAY.com, an award-winning news and information Web site that is updated 24 hours per day; USA TODAY Sports Weekly, a magazine for enthusiasts of college and professional football and baseball; USA TODAY Mobile, offering up-to-the minute news and information on a variety of mobile platforms and devices; and USA TODAY LIVE, the television arm of the USA TODAY brand that brings the spirit and quality of... (IGN Wireless Games)
Tribune hires former DirecTV CEO Aug 17, 2008
International Business. SAN FRANCISCO: Tribune Co has appointed the former chief executive of satellite television provider DirecTV as publisher of the Los Angeles Times, the paper said in its Saturday edition. (India Times)
Tennessean will cut 50 positions Aug 16, 2008
(AP) - The Tennessean, the state's largest newspaper, plans to eliminate 50 positions as part of nationwide cost cutting by the Gannett Co.. Gannett is eliminating 1,000 jobs, including 600 layoffs, across its newspaper operations. (WREG.com, TN)
The Des Moines Register announces job cuts (61) Aug 16, 2008
ADVERTISING~ Friday, August 15, 2008 1:50 PM CDT The Des Moines Register announces job cuts DES MOINES (AP) -- The Des Moines Register has announced plans to cut 26 jobs as part of staff reductions by parent company Gannett Co.. Publisher Laura Hollingsworth says the newspaper will cut 12 full-time and three part-time positions. (Waterloo-Cedar Falls Courier)
Gannett to Cut 1,000 Newspaper Jobs: Memo Aug 15, 2008
By Robert MacMillan August 14, 2008 FONT SIZE. SAN FRANCISCO (Reuters) - Gannett Co Inc plans to eliminate 1,000 positions from its local newspapers around the U.S. because of declining advertising and circulation revenue, and may cut more if those conditions persist. (ABC News -- Wire)
Gannett to cut 1000 jobs Aug 15, 2008
Welcome to The Sydney Morning Herald. Skip directly to: Search Box, , , Text Version. (Sydney Morning Herald -- Business)
Gannett To Cut 1,000 Aug 15, 2008
Gannett Co., the largest US newspaper publisher, plans to eliminate about 1,000 jobs as advertising sales for the industry continue to decline. The cuts amount to 3 percent of the McLean, Virginia-based publisher's community newspaper workforce, spokeswoman Tara Connell said. (New York Post -- Business)
Daily Briefing Aug 12, 2008
McClatchy owns the online venture with A.H. Belo Corp., Gannett Co., Tribune Co. and Washington Post Co. Classified Ventures operates automotive ad site Cars. com and real estate site Apartments. (Atlanta Journal-Constitution -- Business)
JobCentral.com Builds A Corporate Following Aug 7, 2008
CareerBuilder which is owned by Gannett Co., () Tribune Co., the McClatchy Co. () and Microsoft, () and ties into print ads drew 24. 8 million visitors in January, according to market tracker comScore Media Metrix. (Investors Business Daily)
Schurz Communications Joins Unity 'Ten By 2010' Initiative Aug 2, 2008
-based Schurz joins Gannett Co. Inc. and The New York Times Company in the project announced at last week's Unity '08 convention to get commitments from 10 media companies to select at least one "high-potential manager of color and to provide that employee with an opportunity to compete for a promotion to a senior management position by midyear 2010," Unity said. Candidates will receive customized training and coaching to help prepare them for specific senior level positions. (MediaWeek.com)
GateHouse Shares Hammered Down To 44 Cents Aug 2, 2008
Also closing down was Gannett Co. Inc.; The McClatchy Co.; E.W. Scripps Co.; and Journal Register Co., which closed at a penny a share on the OTC Pink Sheets. Gainers were American Community Newspapers; Journal Communications; Lee Enterprises Inc.; Media General Inc; and The New York Times Co.. (MediaWeek.com)
