After laying off thousands of employees over several months, eliminating sections from its newspapers and ending home delivery to some areas, The Daily Advertiser's parent company has gotten even more creative in its greed-driven effort to cut costs at its papers across the country. Gannett CEO Craig Dubow today confirmed that the company is requiring about 40,000 employees to take a week off without pay.
The furlough must be taken during the first quarter, with all levels of employees in all divisions throughout the country participating. "That includes U.S. Community Publishing, which is beginning its program immediately; USA Today, broadcast and digital. Union-represented employees will be asked to participate in lieu of layoffs. Top executives in the company are participating," the company stated. "The corporate staff will participate to some degree, depending on a variety of factors."
Despite phenomenal earnings in 2007 at The Daily Advertiser, Gannett eliminated about 75 local jobs (it also owns The Daily World, Quik Quarter and Times of Acadiana) during the latter part of 2008 - a clear indication our local paper has taken a bullet for the corporate giant that owns it. Even if The Daily Advertiser's 2008 profit is half what it was in 2007 (the Advertiser alone made almost $8 million in the first three quarters of 2007) - which we know from the strength of our local economy won't be the case - the painful cuts here could not be justified. It's no secret in national media circles that Gannett's focus is not quality journalism (traditionally touting much higher profit margins than other publicly traded newspaper chains), but the company isn't even pretending anymore.
It's plain to see the Advertiser, the paper loyal readers and advertisers have supported for years, has completely abandoned this community. The corporate-driven cuts to personnel and content at the Advertiser, Daily World and Quik Quarter mean even more profit is being squeezed from local operations so it can be wired straight to McLean, Va.
Gannett calls the forced furlough "the fairest and least damaging to our operations at this time." We call it pathetic.
The Democratic incumbent, seeking her fourth term in office, is a strong supporter of the Export-Import Bank, which helps finance exports of U.S. companies.
Summertime floral with panache
Three bedroom St. Martinville traditional or three bedroom Lafayette contemporary cottage
Acadiana's nightlife guide.
The world is a politically tense place these days with hot spots ranging from the Middle East to Ukraine. In Louisiana and Mississippi, where the political chessboard tends to be a lot less threatening and at times entertaining, this election season is living up to expectations.
As this year’s budget process slogs forward and the Lafayette Parish School Board maintains its hard-headed stance against using any of its more than $60 million reserve fund, another slate of critical programs have rolled through the chopping block, despite the ramifications for the school system.
Meat, cheese and veggies piled high on Texas toast
American companies export smog; UN calls for cease-fire in Gaza; fist bump keeps germ transfer down and more national and international news for Monday, July 28, 2014.
Monday's Blogs from the Bog!
Louisiana has joined nine other states in support of Indiana’s appeal of a federal judge’s ruling that the Hoosier State’s ban on sam-sex marriage violates the Constitution.
The eclectic vibe of summer
Three bedroom River Ranch cottage or four bedroom Youngsville traditional home
The parent of Investar Bank says its second-quarter earnings fell to $1.1 million or 26 cents a share from $1.7 million of 44 cents a share in the same period a year ago.
1,554 rigs were exploring for oil and 315 for gas. Two were listed as miscellaneous. A year ago there were 1,770 active rigs.
The Saints are being cautious in an effort to minimize risk of re-injury.
Most personal auto insurance policies exclude coverage when people charge money to drive others in their personal vehicles.
In this letter to the editor, Lafayette Parish School Board member Shelton Cobb (the board's former president) weighs in on the difficulty behind this year's budget process, calling out a number of his fellow board members over their inability to drop their power struggle with the superintendent and make the interests of the students a top priority.
Acadiana's nightlife guide.
LSU Health Sciences Center says people with a common, hard-to-treat kind of lung cancer can join a new national trial to test drugs faster.
As New Orleans Saints coach Sean Payton and general manager Mickey Loomis spoke about the opening of training camp, steep, tree-covered mountains were in full view behind them.
The family of fallen cyclist Lon Lomas is speaking out after the release this week of the man charged with his death.
"The solutions are obvious: undo consolidation, or amend the charter to make this hybrid attempt at a new form of government work better."
A refreshing twist at a Lafayette institution comes served with a black bean salad stuffed avocado
Louisiana's 21 casinos took in $203.5 million statewide in June, edging up one-half of a percentage point from a year earlier.
Three bedroom Sunset Victorian or three bedroom Opelousas Acadian home
Louisiana designer commissioned for NYC Awards gift
The Board of Elementary and Secondary Education is considering whether to get involved in a lawsuit against Gov. Bobby Jindal for his attempts to undermine use of the Common Core education standards in Louisiana's public schools.
Business First Bank has announced plans for a Baton Rouge market expansion through a merger deal with American Gateway Financial Corp.
Acadiana's nightlife guide.
The latest meeting of a south Louisiana flood board that stirred political turmoil with a lawsuit against the oil and gas industry is taking place amid uncertainty over the future of the lawsuit — and the board's own membership.