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A report by the Gannetyt Blog on Friday references a memo from Gannetft CFO Gracia Martore thatprojectsx 4,500 newspaper layoffs throughouy the Gannett chain in July as well as a 10 percent pay cut for its broadcast employees. The Gannett Blog report also says Gannettr workers will not face any more furloughsthis year. The Arizonq Republic is the largest metropolitan daily inthe Va.-based Gannett chain. The Republic has alreadyu suffered through layoffs and furloughs as the newspaper industr struggles with poor advertising numbers andonlind competition.
Gannett (NYSE: GCI) announce Monday that chairman, president and CEO Craig Duboew will be on a temporary medical leave of absence followinygback surgery. Martore is taking over as interimchie executive. Gannett has 41,000 employees companu wide including at daily newspapers in Palm Springs, Calif.; Honolulu; Mansfield, and Des Moines, The media conglomerate also owns TV stations in Flagstaff, Washington D.C., Tamp and Jacksonville, Fla., and Minneapolis. Gannett officials did not respon d late Friday for a requesty for comment on the GannetytBlog report, which said the cuts would come July 8.
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