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

KEEP PHOENIX NEW TIMES FREE... Since we started Phoenix New Times, it has been defined as the free, independent voice of Phoenix, and we'd like to keep it that way. With local media under siege, it's more important than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" program, allowing us to keep offering readers access to our incisive coverage of local news, food and culture with no paywalls.
Ray Stern has 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.