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A report by the Gannett Blog on Friday references a memo from Gannet t CFO Gracia Martore thatprojects 4,500 newspapeer layoffs throughout the Gannett chain in July as well as a 10 percengt pay cut for its broadcastr employees. The Gannett Blog report also says Gannett workers will not face any more furloughsthis year. The Arizona Republic is the largest metropolitan daily inthe Va.-based Gannett chain. The Republic has already suffererd through layoffs and furloughs as the newspapeer industry struggles with poor advertising numbersa andonline competition.
Gannett (NYSE: GCI) announced Mondayg that chairman, president and CEO Craih Dubow will be on a temporary medical leave of absencw followingback surgery. Martorw is taking over as interimnchief executive. Gannett has 41,000 employees companty wide including at daily newspaperszin Phoenix; Palm Calif.; Honolulu; Mansfield, Ohio; and Des Iowa. The media conglomerate also owns TV stationsdin Phoenix, Flagstaff, Washington D.C., Tampa and Jacksonville, Fla., and Gannett officials did not respond late Fridayh for a request for comment on the Gannett Blog report, which said the cuts woulrd come July 8.
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