, in financials announced last week, Gannett’s revenue dropped 7% from the same time last year to nearly $749 million. At the same time, its operating expenses snuck up 1% from last year to nearly $770 million.Jeffrey Toobin Exits CNN After 20 Years As Legal Analyst; 2020 Scandal Tainted Emmy Winner
CEO Michael Reed announced to analysts last week that the company would be “taking significant and and permanent costs” out its business, with an emphasis on its print editions.told Poynter Gannett, which owns over 200 daily U.S. newspapers, had more than 16,000 employees worldwide last year which included more than 4,200 reporters, editors and photographers.
Gannett Media, the company said, “will prioritize content, news, business-to-business and commitment to subscribers while continuing to accelerate Gannett’s digital subscriber growth.”