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Gannett profit down 60 pct. in 1st qtr

Discussion in 'Journalism topics only' started by SportsGuyBCK, Apr 16, 2009.

  1. SportsGuyBCK

    SportsGuyBCK Active Member


    More cuts coming at Gannett because of this?
  2. mustangj17

    mustangj17 Active Member

  3. RickStain

    RickStain Well-Known Member

    Death spiral.
  4. MileHigh

    MileHigh Moderator Staff Member

    But still, a profit was made. $77 million.
  5. Johnny Dangerously

    Johnny Dangerously Well-Known Member

    Football Manager Live?
    Family Medical Leave?
    Field Manipulation Language
    Ferret Mailing List?
    Forms Markup Language?
    Fibre Metal Laminate?
    Famous Last Words
    Full Maximum Likelihood?
    For My Life?
    Formal Methods Letters?
    Follow My Lead?
    Force Module Library?
    Flexible Membrane Lining?
    Famecos Mailing List?
    Fashion Mailing List?
    Frequency Measurement Logic?
    Fast Maximum Likelihood Method?
    For My Lover?
    File Manipulation Language?
    Florida Mathematics League?
    Forget My Life?
  6. RickStain

    RickStain Well-Known Member

    Thanks to the slashing of the product.
  7. what does FML mean?
  8. RickStain

    RickStain Well-Known Member

  9. pseudo

    pseudo Well-Known Member

    Which probably means another round of bonuses for management.
  10. mustangj17

    mustangj17 Active Member

    But how much debt is there? How much does the company owe to people for printing presses, leases on buildings, stuff like that?
  11. forever_town

    forever_town Well-Known Member

    Unfortunately, the bean counters at Gannett and the other media outlets that have been cutting and slashing will look at this as another excuse to cut staff.

    They don't have a fucking clue that their cuts to the product have contributed to the precipitous decline in newspaper relevance and in sales of the product. It's the age-old maxim: You've got to spend money to make money. They continue to put out inferior products, charge more for them, and expect people to not notice.

    I used to say that people's IQs drop 50 points when they get behind the wheel of a car. Now I think the same holds true for people who buy newspaper companies.
  12. RickStain

    RickStain Well-Known Member

    They wouldn't have made any money this term if they hadn't slashed.

    They cut off a limb to give the body a little more time.
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