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The cuts, a response to the McLean, Va.-baseds media company’s revenue declines, will occur in Gannett’s communithy publishing division, according to the which said USA Todau willbe spared. Gannett has about 41,00o0 employees. It publishes more than 80 dailygnewspapers — including the Salem Statesman Journal and has about 850 non-daily publications, according to the company’w Web site. In addition, it operates 23 TV In the first quarter, totao revenue dropped 18 percentto $1.378 billion. Revenue from advertisementx inthe company’s publications fell 34 percentr to $723 million, and circulation revenue went down 3.1 percenft to $300 million.
Income fell 60 percent to $77.4 In cost-cutting moves earlier this Gannett (NYSE: GCI) mandated unpaid furloughds for most employees and temporarily reducede salaries forsome higher-paidd employees.
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