Our colleague Todd Heywood reported earlier that newspaper company Gannett (NYSE:GCI) was putting its workers on mandatory one-week furloughs during the next quarter to reduce costs.
Apparently that’s not enough cost-savings; according to Gannett Blog, the company has sent a memo within its organization at a midwest outlet outlining a pilot program in which paid Associated Press news feed content was replaced with USAToday content. USAToday, published nationally, is owned by Gannett; the move if rolled out across all 80-plus Gannett papers is estimated at one million dollars in savings at each local paper.
There’s more to this situation brewing, including a possible shuffle of management at the top of USAToday. Stay tuned.
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