Friday, November 16, 2007

JOB CUTS AT USA TODAY


Bloomberg

November 16, 2007 -- USA Today, the largest US newspaper by circulation, plans to cut 45 newsroom jobs, or about 9 percent of the editorial staff, because of declining revenue at Gannett Co.'s flagship publication.

Employees with more than 15 years experience or fewer than five years of online experience will be eligible for a buyout, USA Today Editor-in-Chief Ken Paulson said yesterday in a memo to the staff.

Involuntary cuts would occur only if too few people apply, he said. The paper has around 500 editorial employees.

USA Today posted a 6.6 percent decline in third-quarter advertising revenue in the third quarter as newspaper companies lose sales amid a shift by advertisers shift dollars online.


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