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Gannett eliminates CEO position for operating company
McLean-based Gannett Co. Inc., the nation’s largest newspaper publisher, announced Friday that its board of directors has decided to eliminate the CEO position for Gannett Media Corp., its operating company. The decision results in the departure of Paul Bascobert, who had joined the company in August 2019. Gannett Chairman and CEO Michael Reed has assumed […]
Gannett taking steps to preserve liquidity
McLean-based Gannett Co. Inc., the nation’s largest newspaper publisher, is negotiating with its vendors, creditors and pension regulators in order to preserve the company’s liquidity, according to a statement from the company released Wednesday. Gannett, which owns USA Today, has seen swift drops in advertising due to the financial fallout from the COVID-19 pandemic. It […]
Gannett announces mass layoffs, pay cuts, furloughs
McLean-based Gannett Co. Inc., the nation’s largest newspaper publisher, sent an email to employees Monday announcing mass layoffs, furloughs and pay cuts, according to The Daily Beast. Like other media outlets, the company has reportedly a large drop in advertising revenues recently due to the financial crisis caused by the COVID-19 pandemic. Gannett has a […]
