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Tuesday, November 26, 2019

Gannett/GateHouse print loss surpasses national average

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.

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