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New Rochelle media coverage hit as Gannett plans to cut 1,000 jobs

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New Rochelle media coverage hit as Gannett plans to cut 1,000 jobs

August 19, 2008 - 12:17

For those not satisfied with the amount of media coverage of New Rochelle, this story about the owner of the Journal News, can only be very bad news: Blommberg is reporting:

Bloomberg.com: Worldwide: "Gannett Co., the largest U.S. newspaper publisher, plans to eliminate about 1,000 positions at its U.S. community newspapers as advertising sales continue to decline. The shares rose the most in almost 21 years. The cuts, equaling 3 percent of the workforce at the publications, may result in about 600 firings after some positions are eliminated through resignations and retirements, Gannett spokeswoman Tara Connell said today in a phone interview. The company aims to complete the reductions by Aug. 31, she said."