Newspaper death watch: Gannett orders another week of unpaid leave, Mich. daily will shut print edition
March 24, 2009 at 8:53 am by Wayne GarciaFrom the Associated Press:
The pall looming over U.S. newspapers grew even darker Monday as Gannett Co. informed most of its employees that they will have to take another week of unpaid leave this spring, while a Michigan daily unveiled plans to close its print edition after 174 years.
And The Plain Dealer, Ohio’s largest newspaper, also ordered pay cuts of 8 percent and 10-day furloughs for nonunion employees Monday to cut costs as advertising revenue drops.
The moves were just the latest sign of the distress afflicting newspapers across the country as they try to cope with a dramatic shift in advertising that is forcing publishers to figure out how to survive with substantially less revenue.
In the Tampa Bay media market, Gannett owns WTSP-TV 10 Connects.
