Gannett Lays Off 700 Employees, CEO’s Salary Doubles

Jim Romenesko reports on Gannett:

https://fittoprintfilm.files.wordpress.com/2011/06/craigdubow.jpg?w=261

That’s about 2 percent of the workforce, according to Gannett US Community Publishing division president Bob Dickey. “The economic recovery is not happening as quickly or favorably as we had hoped and continues to impact our U.S. community media organizations,” he says in a memo that’s posted below. “Publishers will notify people today and we will make every effort to reach everyone by end of day.” In March it was disclosed that Gannett CEO Craig Dubow received a $1.25 million cash bonus and had his salary doubled.

Continue reading:

http://www.poynter.org/latest-news/romenesko/136527/gannett-to-layoff-about-700-newspaper-employees/

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