GANNETT KING OF THE GOUGE-IT NEWSPAPER OWNERS!!!!

 From Gannett

To dammit!!!

In FOUR years Gannett reduced from 27,600 employees to 11,200 employees.

Politicians, major corporations and the weathiest Americans must be giddy that 16,400 watchdogs of democracy are gone!

Gannett is not slashing employees. It also is torching newspaper throughout America. In 2019 Gannett owned 261 daily and 302 weekly newspapers. By the end of 2022 Gannett had 217 daily and 175 weekly newspapers.

Digital newspapers are far less profitable than printed versions people can hold in their hands.

 

Detroit Free Press, which lured BJ management to it decades ago because of its reputation, went from 217,471 circulation in 2018 to 103,606 in 2022 – a 52.4% drop!

Arizona Republic (74.7%), Indianapolis Star (74.5%) and Louisville Courier-Journal (74%), one bluebloods of journalism, makes the Free Press plunge look anemic by comparison.

Even Gannett’s USA Today went from 579,692 paid subscriptions in 2018 to 134,629 in 2022.

Wonder what the future holds for the BJ, a Gannett newspaper that began in 1897 with a merger of the Summit Beacon, born in 1839, and the Akron Evening Journal, founded in 1896.

Charles Landon Knight bought the BJ. John S. Knight, best newspaper owner in American history, took over with his father passed away in 1933 in the throes of great debt and the Great Depression and built it into the Knight Newspapers empire of more than 30 newspapers.

It's downhill for local newspapers today with no brakes and no sympathy for thousands tossed into the streets without a job.