International Business News - GCI http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif NEW YORK--A private sector measure of the economy's health showed the largest drop in a year, and while new jobless claims fell for the second straight week, they remain near the highest levels since 2002. The reports are the latest evidence the languishing American economy remains stuck in low gear. http://www.ibtimes.com/data/articleimgs/113419-leading-indicators.jpg http://www.ibtimes.com/articles/20080821/economy-remains-stuck-in-low-gear.htm http://www.ibtimes.com/articles/20080821/economy-remains-stuck-in-low-gear.htm Thu, 21 Aug 2008 17:47:57 EDT Government data due out Thursday is expected to show that the number of newly laid off people filing jobless benefit claims declined as the effect of an outreach program wanes. http://www.ibtimes.com/articles/20080821/ahead-of-the-bell-jobless-claims.htm Thu, 21 Aug 2008 06:28:55 EDT Gannett Co. Inc. has eliminated 120 full- and part-time jobs at its six daily newspapers in New Jersey, the company said. The cuts are part of a national reduction of 1,000 jobs, including 600 layoffs, across Gannett's newspaper operations around the nation. Gannett is the latest of several newspaper companies that announced staff reductions in recent months. http://www.ibtimes.com/articles/20080820/gannett-cuts-120-jobs-at-its-6-nj-newspapers.htm Wed, 20 Aug 2008 16:56:24 EDT The Burlington Free Press is laying off six people, officials said. The six, from throughout the company, were notified Monday. http://www.ibtimes.com/articles/20080819/burlington-free-press-paper-in-vermont-lays-off-6.htm Tue, 19 Aug 2008 10:16:25 EDT Fewer Americans are reading newspapers and are instead getting their news online, but television remains the leading source of news in the country, according to a survey released Sunday. http://www.ibtimes.com/articles/20080817/tv-remains-top-source-of-news-even-as-online-grows.htm Sun, 17 Aug 2008 18:36:10 EDT The Cincinnati Enquirer is asking for 50 volunteers companywide to take buyouts, part of nationwide cost cutting by the Gannett Co. Gannett, The Enquirer's parent company, said Thursday it is eliminating 1,000 jobs, including 600 layoffs, across its newspaper operations. http://www.ibtimes.com/articles/20080815/cincinnati-newspaper-seeks-buyout-volunteers.htm Fri, 15 Aug 2008 13:42:29 EDT Gannett Co. is eliminating 1,000 jobs, including 600 layoffs, across its newspaper operations, a company spokeswoman said Thursday. USA Today, the largest-circulation newspaper in the country, wasn't affected by the latest round of cutbacks, but had 45 job cuts of its own last November. http://www.ibtimes.com/articles/20080814/gannett-is-cutting-1-000-newspaper-jobs.htm Thu, 14 Aug 2008 16:35:00 EDT Cox Enterprises Inc. plans to sell its Austin, Texas, newspaper and several other smaller papers, reducing the company's portfolio of advertising-supported media properties. http://www.ibtimes.com/articles/20080813/cox-to-sell-austin-american-statesman.htm Wed, 13 Aug 2008 17:09:56 EDT McClatchy Co. wrote down the book value of its stake in Classified Ventures LLC, indicating the online ad initiative begun as a way of capturing lost ad sales is stumbling. http://www.ibtimes.com/articles/20080811/mcclatchy-cuts-value-of-classified-ventures-stake.htm Mon, 11 Aug 2008 15:14:48 EDT General Communications Inc., Alaska's largest telecommunications company, on Thursday reaffirmed its sales outlook for the full fiscal year. GCI said it expects to bring in $550 million to $560 million in revenue for the year. Analysts, on average, are looking for $556 million in sales, according to a Thomson Financial poll. http://www.ibtimes.com/articles/20080731/general-communications-reaffirms-sales-guidance.htm Thu, 31 Jul 2008 13:21:23 EDT General Communications Inc., Alaska's largest telecommunications company, said Thursday its second-quarter profit sank 39 percent, weighed down by rising expenses. http://www.ibtimes.com/articles/20080731/general-communications-2q-profit-falls-39-percent.htm Thu, 31 Jul 2008 13:15:52 EDT U.S. newspaper Web sites attracted 12 percent more visitors in the second quarter, an industry group said Tuesday, lending statistical credibility to the notion that Americans are increasingly getting their news online. http://www.ibtimes.com/articles/20080729/visitors-to-newspaper-web-sites-up-12-pct-in-2q.htm Tue, 29 Jul 2008 13:57:55 EDT Shares in major newspaper publishers fell sharply Monday after A.H. Belo reported a quarterly loss and said it would slash 500 jobs in the next two months. http://www.ibtimes.com/articles/20080728/sector-wrap-newspapers-slump-after-belo-loss.htm Mon, 28 Jul 2008 16:18:45 EDT News media company Gannett Co. said Monday it made a minority investment in Mogulus, a New York-based Internet video platform. Terms of the agreement were not disclosed. http://www.ibtimes.com/articles/20080728/gannett-makes-minority-investment-in-mogulus.htm Mon, 28 Jul 2008 15:05:20 EDT Ali Zoibi, the No. 2 executive at The Indianapolis Star, has been appointed president and publisher of the Rochester Democrat and Chronicle. Gannett Co., which owns both newspapers, said Monday that Zoibi will succeed Michael Kane, who was appointed president and publisher of The Star two weeks ago. http://www.ibtimes.com/articles/20080728/rochester-democrat-and-chronicle-has-new-publisher.htm Mon, 28 Jul 2008 14:20:52 EDT Regional and national newspaper publishers, already staggering with a drop in ad revenue more severe than the industry has seen since the Great Depression, say the second half of 2008 may be even worse. http://www.ibtimes.com/articles/20080724/rough-june-for-newspapers-portends-bleak-future.htm Thu, 24 Jul 2008 18:04:20 EDT As shifting reader habits and ad spending combine with the worsening economy to knock newspaper publishers on their heels, the New York Times Co. reported an 11 percent drop in second-quarter advertising revenue Wednesday. http://www.ibtimes.com/data/articleimgs/96331-earns-new-york-times.jpg http://www.ibtimes.com/articles/20080723/ny-times-misses-wall-street-forecast.htm http://www.ibtimes.com/articles/20080723/ny-times-misses-wall-street-forecast.htm Wed, 23 Jul 2008 19:21:56 EDT The Honolulu Advertiser plans to cut 54 positions because of lagging adverting revenue and a weakening local economy. The announcement by Hawaii's largest newspaper, owned by Gannett Co., came the same day the nation's largest newspaper publisher reported a 36 percent drop in second-quarter earnings because of a sharp decline in revenue. Shares fell more than 4 percent. http://www.ibtimes.com/articles/20080717/honolulu-advertiser-cutting-54-positions.htm Thu, 17 Jul 2008 16:34:07 EDT Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market: NYSE http://www.ibtimes.com/articles/20080716/wells-fargo-gannett-amr-schwab-among-big-movers.htm Wed, 16 Jul 2008 16:56:26 EDT Gannett Co., the nation's largest newspaper publisher, said Wednesday its operating revenue fell 12.1 percent in June, hurt by a continued decline in real estate and employment ad sales. http://www.ibtimes.com/articles/20080716/gannett-june-operating-revenue-drops-12-1-percent.htm Wed, 16 Jul 2008 11:26:23 EDT