Gannett Scores Profit — Thanks to Cost-Cutting Moves Like Layoffs

The Arizona Republic posted an online article from the Associated Press today about how its parent company, Gannett, recorded a profit in a recent earnings statement.We couldn't help but notice -- especially after someone pointed it out to us -- that the article doesn't mention the "L" word.As the Wall...
By Ray SternJuly 15, 2009
Carbonatix Pre-Player Loader

Audio By Carbonatix

Keep Phoenix New Times Free

We’re aiming to raise $10,000 by April 26. Your support ensures New Times can continue watching out for you and our community. No paywall. Always accessible. Daily online and weekly in print.

support us today
$10,000

The Arizona Republic posted an online article from the Associated Press today about how its parent company, Gannett, recorded a profit in a recent earnings statement.

We couldn’t help but notice — especially after someone pointed it out to us — that the article doesn’t mention the “L” word.

As the Wall Street Journal reports today, the turnaround was because of aggressive cost-cutting moves. Like layoffs.

No one covers Phoenix like we do.

If you value independent journalism, please consider making a contribution to support our continued coverage of essential stories and to investigate issues that matter.

Support Us Today

GET MORE COVERAGE LIKE THIS

Sign up for the News newsletter to get the latest stories delivered to your inbox

Ray Stern is the former news editor of Phoenix New Times. He worked as a newspaper reporter in Arizona for more than two decades. He’s won numerous awards for his reporting, including the Arizona Press Club’s Don Bolles Award for Investigative Journalism.

Loading latest posts...