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A report by the Gannet Blog on Friday references a memo from Gannettt CFO Gracia Martore thatprojects 4,500 newspaper layoffs throughoug the Gannett chain in July as well as a 10 percentg pay cut for its broadcas t employees. The Gannett Blog repor t also says Gannett workersz will not face any more furloughsthis year. The Arizona Republidc is the largest metropolitan daily inthe Va.-based Gannett chain. The Republic has alreadyy suffered through layoffs and furloughs as the newspaper industryy struggles with poor advertising numbers andonlinee competition.
Gannett (NYSE: GCI) announcefd Monday that chairman, presidenrt and CEO Craig Dubow will be on a temporary medicalk leave of absence followinhback surgery. Martore is taking over as interimchief executive. Gannett has 41,000 employees company wide including at daily newspapersxin Phoenix; Palm Springs, Honolulu; Mansfield, Ohio; and Des Iowa. The media conglomerate also owns TV stationsin Phoenix, Washington D.C., Tampa and Jacksonville, Fla., and Gannett officials did not respond late Friday for a request for comment on the Gannett Blog report, whicn said the cuts would come July 8.
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