Tag: Gannett

Hundreds of Journalists Strike to Demand Leadership Change at Biggest US Newspaper Chain

June 7, 2023
Business & MarketseconomyGannettunionUSUS Newswalkout
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NEW YORK—Journalists at two dozen local newspapers across the U.S. walked off the job Monday to demand an end to painful cost-cutting measures and a change of leadership at Gannett, the country’s biggest newspaper chain. The strike involves hundreds of journalists at newspapers in eight states, including the Arizona Republic, the Austin American-Statesman, the Bergen…

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Journalists to Strike June 5 at the Largest US Newspaper Chain

June 2, 2023
Business & MarketsCompaniesGannettjournalistsMedia & Big TechstrikeUSUS News
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Journalists across the U.S. will walk off their jobs next week at roughly two dozen newsrooms run by Gannett, the largest newspaper chain in the U.S., their union said Thursday. The mostly one-day strike, which will start June 5, aims to protest Gannett’s leadership and cost-cutting measures imposed since its 2019 merger with GateHouse Media….

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From CNN to Gannett, Media Industry Laying Off Workers Amid Recession Fears

December 5, 2022
Business & MarketsCNNCompanieseconomyGannettlayoffsMedia StatementsrecessionUSUS News
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It is not only the tech sector that is going through industrywide layoffs and hiring freezes. A growing number of media outlets are firing staff and implementing a broad array of cost-cutting measures in response to recession fears, falling advertising revenue, and annual losses. From CNN to Gannett, more businesses are expected to announce a…

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Gannett Launches Share Buyback up to $100 Million; Amends Credit Agreement

February 3, 2022
Business & EconomybuybackCompanieseconomyGannettshare
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Gannett Co Inc.’s board authorized a share buyback of up to $100 million. Gannett’s existing five-year senior secured credit agreement will provide for an incremental term loan not exceeding $50 million and transition the interest rate base from LIBOR to Term SOFR due to regulatory requirements. The existing and incremental loans under the Credit Agreement will now…

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