In an effort to cut costs as its revenue declines due to a decline in ad sales and customer subscriptions, newspaper publisher Gannett Co. said on Friday that it is firing some of its journalistic personnel.
In an effort to cut costs as its revenue declines due to a decline in ad sales and subscriber numbers, newspaper publisher Gannett Co. acknowledged Friday that it is laying off some of its journalistic workers.
The McLean, Virginia-based business declined to give specifics regarding how many workers lost their employment. Lark-Marie Anton, a representative for Gannett, stated that it was important “to act quickly given the difficult economic environment. These employee reductions are quite drastic.