The New York Times plans to eliminate 100 newsroom jobs — about 8 percent of the total — by year’s end, offering buyouts to union and nonunion employees, and resorting to layoffs if it cannot get enough people to leave voluntarily, the paper announced on Monday.
This week all eyes are on Gannett; its stock has been flying higher, up more than 500 percent excluding dividends since hitting a low of $1.95 in March.... Read More
Here's a shocker for the struggling newspaper industry: good news! The largest US newspaper publisher, Gannett, beat analyst estimates with earnings of 46 cents per share (excluding some items), eight cents higher than analysts estimates, sending the stock higher in Wednesday trading... Read More