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.
Local and state agents Thursday night raided The Keg, the popular college bar located in the area known as The Strip, leading to the (at least) temporary closure of the venue.
Here's your daily look at late-breaking national and international news, upcoming events and the stories that will be talked about Friday, April 18, 2014:
Friday's Blogs from the Bog!
Time and time again, the Lafayette Parish School Board shows an overwhelming tendency toward idiocy, but Wednesday night’s contentious discussion over Northside High School’s teen mother program tops the list of dumb discussions.
C & C Technologies, HIT Fitness, R3 Sciences, the Acadiana Symphony Association and the United Way of Acadiana recognized for innovation.
“The accomplishment of this goal within the next ten years is not only critical for the region to effectively compete with other regions for residents and businesses, but also to provide an amenity for everyone in Acadiana to enjoy.”
Education Superintendent John White says a continued push to try to keep Louisiana from using tests associated with the Common Core education standards are creating "a state of chaos" for public school teachers.
The Acadiana Symphony Orchestra has decided to end its traditional Independence Day spectacular known as Red White & Boom.
Under the deal, Teche shareholders would get 1.162 shares of IberiaBank for each share of Teche stock.
Gov. Bobby Jindal's plan to use $210 million in surplus and one-time money to help balance next year's budget received the backing Thursday of the State Bond Commission, support that was needed for the maneuver to work.
Acadiana's nightlife guide.
State wildlife and fisheries agents have arrested a 39-year-old man accused of stealing crawfish.
An East Feliciana Parish lawmaker has jettisoned his proposal to make it harder for a condemned prisoner to appeal a death sentence.
Senators advanced a proposal Wednesday that would let the governor remove New Orleans-area levee board members for violating what he considers to be public policy, despite concerns it would introduce political meddling into state flood protection.
The must have pieces this season
Dave Perkins, LCG Comp Plan honored along with local architects and designers at the 2014 INDesign Awards
Greg Manuel’s Lafayette-based residential development company is taking advantage of exponential industrial growth in Lake Charles.
Longtime Lafayette retailer ventures online.
It’s not how aggressive or conservative you are — it’s planning for risk that matters most.
Thanks to cutting-edge digital technology, more and more consumers are banking on ATMs and mobile phones.
Regional bank bids farewell to Downtown May 30
ABiz takes a look back at the most noteworthy moments for the local banking industry over the last year.
Most experts say short-term interest rates will be unchanged through 2014, but long-term rates are inching up.
Largest recruitment event in Acadiana returns May 21 to the Cajundome Convention Center
A lawyer’s ad should only be a starting point, as there is much more to consider when seeking quality representation.
Thanks to the inaugural 2012 INNOV8, a design for lifting heavy objects was brought to market.
The annual juried competition recognizes excellence in architecture, interior design and historic preservation in Lafayette and the five surrounding parishes.
Cypress Bayou GM hosts open house.
New hires, promotions, transfers in Acadiana business
The scion of a landmark Four Corners restaurant climbs back into Lafayette’s culinary scene as franchisee for a popular burger chain.