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.
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The Cane Fire Film Series screens “MaidenTrip” on Monday, March 10, at the AcA.
Acadiana's nightlife guide.
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The Louisiana Workforce Commission said Friday that initial claims rose to 2,125 from the previous week's total of 1,964. There were 2,887 initial claims during the comparable week in 2013.
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The New Orleans Saints have yet to make it official as of this writing, but popular wide receiver Lance Moore has reportedly been cut by the team to free up salary-cap space on the roster.
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Here's your daily look at late-breaking national and international news, upcoming events and the stories that will be talked about Friday, March 07, 2014:
Two Lafayette men have been revealed by police as the infamous duo behind a caper that shook our fair city to its core.
She’s the daughter of the legendary Johnny Cash, but she’s been a gifted artist in her own right for three decades, and she’s coming to Lafayette.
The Lafayette Parish School Board has received a second letter of demand related to last year’s insurance debacle, this time from Key Benefit Administrators claiming it’s owed $93,000 from the school system.
Acadiana's nightlife guide.
The Louisiana coastline is vanishing faster than mappers can keep track.
A bill that would have overridden local ordinances prohibiting public and private employers from discriminating against lesbian, gay and transgender people has been pulled within less than a week of being filed.
The panel that selects nominees for a controversial New Orleans area flood control board — a board that is suing more than 90 oil, gas and pipeline companies — is set to discuss legislation affecting its independence.
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State lawmakers will not appeal a judge's ruling that it was improper to use $3.7 million from a probation and parole officers' retirement fund to balance the state's operating budget.
Prepare yourselves for sun
Acadiana's nightlife guide.
Conservatives have been losing their minds over this satirical bit on the Colbert Report.
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The House approved legislation Tuesday night to roll back a recently enacted overhaul of the federal flood insurance program, after homeowners in flood-prone areas complained about sharp premium increases.
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The NFL has formally designated New Orleans' Jimmy Graham as a tight end for the purposes of his franchise tag value, which is now set at $7.05 million next season unless Graham and the Saints subsequently agree on a long-term deal.