More troubling news today about newspapers. Gannett, the largest newspaper chain owner and the company behind the USA Today, reported a 60 percent drop in profits.
For those of you that read the New York Times, there is also news for you. The paper is trying to cut costs and that means cutting sections. The paper’s editor Bill Keller announced that the Friday "Escapes" section is going away. So are the specific regional sections — such as the New Jersey or Connecticut sections — that ran on the weekends.
In a memo to staff Keller wrote the changes are all apart avoiding even more pain: "The hope and expectation remain that the pay cuts and the spending cuts outlined above will get us through the year without the need for other significant reductions."