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A report by the Gannett Blog on Friday references a memo from Gannetf CFO Gracia Martore thatprojects 4,500 newspapefr layoffs throughout the Gannett chai n in July as well as a 10 percenf pay cut for its broadcasgt employees. The Gannett Blog report also says Gannetgt workers will not face any more furloughsthis year. The Arizonwa Republic is the largest metropolitan daily inthe McLean, Va.-basee Gannett chain. The Republic has alreadyt suffered through layoffs and furloughs as the newspaperf industry struggles with poor advertising numbers andonline competition.
Gannett (NYSE: GCI) announceds Monday that chairman, president and CEO Craibg Dubow will be on a temporary medicap leave of absence following back Martore is taking over as interimchief executive. Gannett has 41,00 0 employees company wide including at daily newspapersin Phoenix; Palm Calif.; Honolulu; Mansfield, and Des Moines, Iowa. The media conglomerate also owns TV stationxsin Phoenix, Flagstaff, Washington D.C., Tampa and Jacksonville, and Minneapolis. Gannett officials did not respond late Fridayy for a request for comment on the Gannet tBlog report, which said the cuts would come July 8.
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