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Gannett boss volunteers for 17% pay cut

CHICAGO - Gannett chief executive Craig Dubow has chosen to take a 17% pay cut as the US publisher ... officers will also have their salaries frozen for 2009. Dubow said: "All Gannett employees are making ... In an employee memo, Dubow announced on Monday that he would take a voluntary cut of $200 ... title, USA Today. Dubow, in a memo, said: "I have great empathy for those employees and their families ...

By Dan Leahul / Brand Republic 04-Nov-08

UK housing slump hits Newsquest-owner Gannett

is to write down its asset value by as much as $3bn (£1.5bn) following a steep decline in ad revenues. ... was hurting newspaper classified advertising revenues at its UK regional newspapers. The Newsquest business ... -president and chief financial officer of Gannett, said that classified advertising at Newsquest weakened significantly ... before taxes, about 19% of the company's total assets. Gannett said that it had suffered from the tough ...

By Jacquie Bowser / Brand Republic 11-Jun-08

Gannett writes down value of newspapers by $5.2bn

LONDON - US newspaper publisher Gannett plans to write down the value of its newspapers by up to $5 ... Gannett, publisher of USA Today and owner of Newsquest in the UK, said the results were due to falling advertising revenues and readers migrating to the internet for their news. Gannett's 2008 Q4 ... to $1.7bn. In the UK ad revenue fell by 29.3% year on year. Classified revenues were 35.3% lower (in ...

By Staff / Brand Republic 30-Jan-09

Gannett acquires social media company Ripple6

LONDON - Gannett, the Virginia-based publisher of USA Today, has acquired social media firm Ripple6 ... markets across the US, with more than 1m views each month. Craig Dubow, Gannett CEO, said: "From ... his pay by 17% to help the company weather the decline in ad revenues. ... Ripple6 will become a wholly owned subsidiary of Gannett, and will continue to operate its ...

By Dan Leahul / Brand Republic 14-Nov-08

Gannett enforces second round of unpaid leave for employees

NEW YORK - Employees at Gannett, publisher of USA Today, have been asked to take more unpaid leave ... . Craig Dubow, Gannett CEO, said in a memo to employees: "We are about to begin the second quarter without ... and locations. Gannett is the US' largest newspaper publisher, with 85 daily titles and nearly 1,000 non ... and is the parent company of Newsquest in the UK, which publishes 17 daily titles and more than 200 weeklies around ...

By Staff / Brand Republic 24-Mar-09

New York Times cuts sections and Gannett profits falls 60%

at Newsquest, Gannett's UK regional newspaper arm, fell by 38.7% overall and classified ad revenues fell by 45 ... year ago. Craig Dubow, Gannett chief executive, said: ""I would suggest at this point that April ... the advertising downturn and that visibility was extremely limited. The publisher said ad revenue fell 28 ...

By Staff / Brand Republic 17-Apr-09

Gannett profits down 16%

NEW YORK - Gannett, the US newspaper group which owns USA Today , reported a 16% dive in third ... %. Gannett reported revenues down 2.6% to 1.52bn ( 1.05bn) from 1.56 bn ( 1.08bn), a decline of 3 ... time. The figures were in line with Wall Street expectations. Gannett, which through its ownership of Newsquest is also one of the largest regional newspaper publishers in the UK with a portfolio ...

By Staff, / Brand Republic 15-Oct-01

Ad revenue rises at Gannett and NY Times as WSJ falls

Street Journal reporting a 7.9% decline in advertising while USA Today publisher Gannett and the New York ... or pulling ads because of the war in Iraq and the weakened economy. At USA Today, Gannett said, ad revenues ... performance put in by its UK regional newspaper business Newsquest. In the UK, Gannett publishes more than ... Journal. Gannett reported a profit of $324.3m, up from $303.9m last time, and revenues rose to $1.71bn ...

By Staff, / Brand Republic 15-Jul-03

Ads leap 11% at Gannett as NYT redesigns for growth

NEW YORK – Despite taking a hit from Florida's hurricanes, USA Today publisher Gannett saw ad sales ... The publisher of the New York Times and the Boston Globe said ad revenues had increased 3 ... and NYTimes.com, in order to spur greater revenue gains. Meanwhile Gannett Co, publisher of USA Today and owner of several TV stations, saw an 11% increase in quarterly ad sales. The company posted stronger ...

By Staff, / Brand Republic 13-Oct-04

Up to 2,000 jobs under threat at USA Today owner Gannett

NEW YORK - USA Today-owner Gannett is to cut between 1,000 and 2,000 jobs having already cut 10 ... % in the first quarter as ad revenue fell 28%. The cuts mark Gannett out as one of the most aggressive ... job cuts come after it was announced last month that CEO Craig Dubow will take several months leave ... Moon resigned in March and was replaced by Detroit Free Press publisher Dave Hunke as ad revenue ...

By Staff / Brand Republic 01-Jul-09

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