BJ drop an exception, better than national average
GateHouse Media and
Gannett, which have merged for $1.2 billion, are losing print circulation
faster than the national average and 10% are declining at twice the national
rate or worse, according to a Business Journal analysis.
The national average is bad
enough: 12% a year. But GateHouse/Gannett plunge even faster. One “bright”
spot, by comparison: The BJ is losing 10.7%, less than the national average,
from 2017 to 2019.
This is the BJ’s parent
company, which has 260 newspapers . . . all going down the drain together in
print circulation.
So plans are to trim $300
million in costs. Guess what that means for newsroom employment.
To read the full artice, go
to https://www.bizjournals.com/boston/news/2019/11/22/most-gannett-papers-are-losing-print-circulation.html
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