McLean, VA — Gannett, operator of KSDK in St. Louis is laying off 1400 newspaper jobs, reports Bloomberg. Gannett will make these cuts because of declining revenue from newspapers, it stated in a memo.
“We must take these steps because the advertising environment remains challenged,” Bob Dickey, president of Gannett’s U.S. Community Publishing.
Gannett has already instituted mandatory furloughs and pay cuts in it’s broadcast properties, including Minneapolis-St. Paul’s KARE-11 and KSDK in St. Louis.
Dickey in an interview with Bloomberg has stated that additional unpaid leave will not be sought. Gannett has about 41,500 employees.