Newspaper giant Gannett fires 700 employees as ad revenue continues to sag.

June 21, 2011

Newspaper giant Gannett fires 700 employees as ad revenue continues to sag.

In other Gannett news, CEO Craig Dubow was paid $9.4 million last year, including a $1.75 million cash bonus based partially on his success at cutting costs through layoffs.

Article source: SAI http://feedproxy.google.com/~r/typepad/alleyinsider/silicon_alley_insider/~3/XW4AKAKs8_E/newspaper-giant-gannett-fires-700-employees-as-ad-revenue-continues-to-sag-2011-6

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