International Business News - Gannett 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 Standard & Poor's Ratings Services put Gannett Co.'s ratings under review for potential downgrade Wednesday in light on continued troubles in the newspaper industry and heightened risk of a prolonged economic downturn. http://www.ibtimes.com/articles/20081001/s-p-reviewing-gannett-ratings-for-downgrade.htm Wed, 01 Oct 2008 15:35:28 EDT Gannett Co., the nation's largest newspaper company, reported a third straight month of steep advertising declines in its publishing segment Monday as a worsening economy weighed down an already troubled ad market. http://www.ibtimes.com/articles/20080915/gannett-aug-non-broadcast-ad-revenue-down-17-pct.htm Mon, 15 Sep 2008 19:30:34 EDT Gannett Co. said Tuesday it is cutting about 100 management jobs at its newspapers across the country, less than a month after the nation's largest newspaper publisher eliminated some 1,000 positions. http://www.ibtimes.com/articles/20080909/gannett-eliminating-100-management-jobs-at-papers.htm Tue, 09 Sep 2008 17:15:38 EDT Gannett Co. said Wednesday that it bought a 10 percent interest in CareerBuilder from Tribune Co. for $135 million, giving it a majority stake in the employment Web site. http://www.ibtimes.com/articles/20080903/gannett-gains-controlling-stake-of-careerbuilder.htm Wed, 03 Sep 2008 16:36:13 EDT Gannett Co.'s July revenue fell 12.3 percent as retailers cut back on ad spending and classified ads continued to shrink, the largest U.S. newspaper publisher said Friday. http://www.ibtimes.com/articles/20080822/gannett-july-revenue-slides-12-3-percent.htm Fri, 22 Aug 2008 09:15:26 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 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 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 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 Among the earnings stories for Wednesday, July 16, from AP Financial News: McLEAN, Va. (AP)--Gannett Co., the nation's largest newspaper publisher, on Wednesday reported a 36 percent drop in second-quarter earnings as the newspaper industry's woes caused a sharp decline in revenue. Shares fell nearly 10 percent. http://www.ibtimes.com/articles/20080716/earnings-roundup-gannett-knight-capital.htm Wed, 16 Jul 2008 14:33:07 EDT Gannett Co., the nation's largest newspaper publisher, on Wednesday reported a 36 percent drop in second-quarter earnings as the newspaper industry's woes caused a sharp decline in revenue. Its shares fell more than 4 percent. http://www.ibtimes.com/articles/20080716/gannett-2q-profit-falls-by-36-percent.htm Wed, 16 Jul 2008 20:35:44 EDT Newspaper publisher Gannett Co. said Tuesday it purchased stakes held by Tribune Co. and McClatchy Co. in ShopLocal LLC, a marketing and database services company. http://www.ibtimes.com/articles/20080708/gannett-buys-out-remaining-stakes-in-shoplocal.htm Tue, 08 Jul 2008 14:17:43 EDT Newspaper publisher Gannett Co. Inc. said Thursday it bought a minority stake in Cozi Group Inc., a web service that helps families manage schedules and stay in touch. http://www.ibtimes.com/articles/20080619/gannett-buys-stake-in-cozi-group.htm Thu, 19 Jun 2008 07:46:18 EDT Gannett Co. shares dropped on Wednesday as analysts and investors saw little reason for optimism following the newspaper publisher's report of a sharp drop in May advertising sales. http://www.ibtimes.com/articles/20080618/gannett-shares-fall-after-drop-in-may-ad-sales.htm Wed, 18 Jun 2008 12:05:52 EDT Gannett Co.'s May operating revenue fell 11 percent on a sharp drop in ad sales, the publishing company said Tuesday. Gannett, which publishes USA Today and other newspapers, said advertising revenue last month slid 14 percent to $347.1 million from $404.9 million in the same month last year. http://www.ibtimes.com/articles/20080617/gannett-may-ad-revenue-slides-14-percent.htm Tue, 17 Jun 2008 18:21:45 EDT Gannett Co., the nation's largest newspaper publisher, on Wednesday told employees that it is freezing the company pension plan, effective Aug. 1, and replacing it with an enhanced 401(k) program. http://www.ibtimes.com/articles/20080611/gannett-freezes-pension-plan.htm Wed, 11 Jun 2008 20:44:02 EDT The nation's largest newspaper chain, Gannett Co., will write down its assets by about $2.5 billion to $3 billion this quarter to reflect the declining value of its operations in the United Kingdom and the United States. http://www.ibtimes.com/articles/20080609/gannett-to-take-2-5b-to-3b-write-down.htm Mon, 09 Jun 2008 16:24:50 EDT Gannett Co. Inc. laid off 55 employees Thursday from four of its six New Jersey newspapers because of adverse business conditions. The layoffs were across all departments at the Asbury Park Press, Home News Tribune in East Brunswick, Courier News in Bridgewater and Daily Record in Parsippany. http://www.ibtimes.com/articles/20080530/gannett-lays-off-55-from-4-nj-papers.htm Fri, 30 May 2008 15:49:19 EDT Gannett Co. Inc. laid off 55 employees Thursday from four of its six New Jersey newspapers because of adverse business conditions. The layoffs were across all departments at the Asbury Park Press, Home News Tribune in East Brunswick, Courier News in Bridgewater and Daily Record in Parsippany. http://www.ibtimes.com/articles/20080530/gannett-lays-off-55-from-4-new-jersey-papers.htm Fri, 30 May 2008 13:08:13 EDT News media company Gannett Co. Inc. on Wednesday said Director Charles B. "Chuck" Fruit has died. Fruit, 61, had served on the board since February 2007 and was a member of the Nominating and Public Responsibility Committee. No replacement has been named. http://www.ibtimes.com/articles/20080528/gannett-co-director-charles-fruit-dies-at-age-61.htm Wed, 28 May 2008 15:11:44 EDT