Gannett's headquarters in McLean, Virginia. (Photo: Denny Gainer, USA TODAY)
USA TODAY staff
Gannett, owner of 82 daily newspapers and 23 television stations, confirmed Tuesday that some of its local papers have cut staff over the last several weeks.
"Some of our community publishing sites are making cuts to align their business plans with local market conditions," company spokesman Jeremy Gaines said in a statement.
The layoffs, totaling about a couple of hundred jobs, were revealed at many of the company's local newspapers over the last 30 days. Jobs were cut both in newsrooms and business operations. Gannett also publishes USA TODAY, which has not been affected by the layoffs.
Gannett did not provide totals for the cutbacks at individual properties. Philly.com reported Monday that The (Wilmington, Del.) News Journal is cutting 28 jobs.
Cutbacks have been a frequent phenomenon at newspapers in the digital era as readers and advertisers have gravitated to computers and mobile devices. Gannett's newsrooms, like many others, have increased their investment in digital operations as part of the company's transformation strategy in an effort to depend less on print revenue.
In June, Gannett bought competitor Belo for $2.2 billion, which would increase its broadcast portfolio from 23 to 43 stations. The deal is expected to close by the end of the year.
Gannett shares have risen 35.3% so far this year. Shares fell 2.7% Tuesday to close at $24.37. In the most recent quarter, Gannett's net income fell 5.2% to $113.6 million. Its publishing segment revenue fell 1.7% to $904.2 million.