“USA Today eliminated 60 to 70 jobs Wednesday,” the newspaper itself reports. The story adds: “The layoffs, effective immediately, hit across various sections in the newsroom and business operations. About half of the jobs cut came from the newsroom, a roughly 8% reduction in newsroom staff.
“The move comes as USA Today and 81 other newspapers owned by Gannett prepare to be split from the parent company’s TV and digital division next year.”
We here at TVWeek first read about the layoffs on Jim Romenesko’s media blog at http://jimromenesko.com/. We urge you to check it out regularly.
The USA Today article adds, “In the second quarter, Gannett reported that its publishing advertising revenue — including USA Today and its other newspapers — fell 5.7% from a year ago. Gannett doesn’t break out USA Today’s financial performance separately.”
The story also notes, “USA Today joins a growing list of national news organizations, including CNN, Time Inc. and the Wall St. Journal, that have had to trim their staffs. U.S. print advertising spending is estimated to fall 2.2% in 2014 to $31.8 billion, according to eMarketer. U.S. newspaper ad spending is estimated to fall about 4% this year, it says.”
USA Today said in May that according to audited numbers it is “the nation’s largest newspaper [with] average daily print circulation of more than 1.8 million and digital circulation of more than 1.4 million.”