The INDsider -> R. Reese Fuller WED, OCT 29 4:56AM by R. Reese Fuller

Gannett to cut over 3,000 jobs

As expected, after announcing that Gannett Co.'s profits fell 32 percent due to declining ad revenue, the nation's largest newspaper publisher will eliminate 10 percent of its work force by early December. Reuters estimates some 3,200 positions will be eliminated.

This past summer the company announced over 1,000 job cuts and in September longtime executives Pat Bienvenu and Julio Naudin at The Daily Advertiser were laid off. In Lafayette, Gannett owns The Advertiser, The Times of Acadiana and the Quik Quarter, as well as the Daily World in Opelousas, The Monroe News-Star, The Shreveport Times and The Town Talk in Alexandria.

Gannett's not alone in its publishing woes. So far in 2009, more than 12,000 jobs have been cut from the newspaper industry nationwide. Yesterday, the Christian Science Monitor announced that it would cease publishing its weekday paper in April 2009 and would migrate its news outfit to CSMonitor.com. The world's largest magazine publisher, Time Inc. will also cut its work force by 6 percent, eliminating more than 600 jobs.


Comments (3)add
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written by Doris Matte , October 29, 2008 - 06:11 pm
Wow what a surprise. Maybe if the readers would get accurate unbiased reporting of the news and not liberal commentary disguised as news article this once enjoyable newspaper from Lafayette would not have lost so many readers and revenue.
Gannett to loses jobs
written by shelton leger , October 29, 2008 - 07:20 pm
The paper has only itself to blame ..trying to follow the far left with it's news coverage and instead of sticking to news and not trying to force their view point on us..was about to cancel my subscription
le sigh
written by ThrillaFromWasilla , October 29, 2008 - 08:32 pm
Commenting on a weekly message board doesn't really do much to express your disgust. Why don't you do something patriotic like burning an Obama sign?
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