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 Stern

July 15, 2009

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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.

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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.