After poor performance in the second quarter of 2022, Gannett starts laying off staff.
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Gannett will undergo a major corporate restructuring, dividing the company into Gannett Media and Digital Marketing Solutions.
Gannett grows to more than 1.6M digital-only paid subscribers in Q4 2021, but total revenue drops 5.6%.
Though Gannett touts a strong first quarter, the media organization posted decreased revenue and a $142.3 million net loss.
Media organization Gannett Co., Inc. has set an ambitious goal of reaching 10 million paid digital-only subscribers in the next five years.
Gannett will outsource 485 back office jobs to India next year. Affected employees will be notified by January 15 and can stop on til
Gannett reported 31% growth year-over-year in digital-only subscribers for Q2 2020, bringing total digital-only subscribers to 927,000.
Gannett Media terminates its CEO position, leaving Paul Bascobert without a job, less than a year after joining the company.
In its first full quarter earnings report since the merger, Gannett Co., Inc. reports a net loss of $80.2 million and strong revenue &
Gannett is asking its staff to make a “collective sacrifice” with unpaid furloughs and pay cuts in the wake of the coronavirus.
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