The largest U.S. newspaper publisher and owner of USA Today, the nation’s biggest-selling daily paper, is slashing payroll just in time for the holidays. We read about layoffs everywhere these days, but if you want to see the slow-motion car crash version of how Gannett is doing it, look to Gannett Blog, run by former company reporter Jim Hopkins.
You don’t need another depressing analysis of a depressing story about newspapers, so we’ll spare you everything but the press release. We will note, however, that it’s getting harder to say, “Let the wires get it” when the wires are slimming down too. And this is hardly the first DC bureau to get nailed.
We were rather pleased with ourselves for flagging a quick aside that Christian Science Monitor Editor John Yemma made in our interview with him a few weeks ago about how the weekday newspaper — which is abandoning its daily print edition next year — will look for newspapers interested in publishing its stories.
from Summit Notebook:
It's not every day that you have a top executive in big business talk about how nice it will be to see the back of the Bush administration. Republican presidencies typically tout their adherence to free markets, unbridled capitalism and, most importantly, a smaller pile of what corporations often consider burdensome regulations. That isn't what they usually expect from Democratic administrations, even ones led by Barack Obama.
After nearly setting off my tilt mechanism at Thanksgiving dinner by eating twice my weight in food, I spent the earlier part of Friday gorging on as much of Michael Wolff’s new Rupert Murdoch biography as I could. I read just enough to think of some questions for Wolff that wouldn’t come off as sounding too stupid, and then we got on the phone.