Breaking: Dickey memo said detailing budget cuts

My tipsters say newspaper division chief Bob Dickey is expected to issue a must-read memo as soon as 1:30 p.m. ET today, on a subject we’ve been discussing a whole lot lately.

Here’s the latest — which I haven’t been able to corroborate — from one of the tipsters: “A note from Bob Dickey will go out to all Gannett employees at 1:30 p.m. EDT today/Tuesday re: job cuts. The headline is that GCI is cutting payroll by 10%, with cuts taking effect the first week of December. News staff will take a hit. Employees affected by job eliminations will be paid one week of salary for each year of service, up to a total of 26 weeks of severance pay.”

Other developments, according to that same tipster:

  • Newshole will be reduced by 10%. Editors will be getting guidance and timetables this week.
  • Color news positions will be reduced.
  • Total number of classified pages will be reduced by two in the Monday and Tuesday editions.
  • Pay increases in 2009 will be based on a total 1.5% of payroll.

Any further cuts would follow last week’s third-quarter earnings report, revealing profits fell 32% from a year ago — leading Chief Financial Officer Gracia Martore to warn of more job reductions by the end of the year. Her warning followed similar remarks by CEO Craig Dubow one week before.

To emphasize, these are tips from sources I know in four different states — but they could be wrong. Anyone else picking up on this? Please post your replies in the comments section, below. To e-mail confidentially, write gannettblog[at]gmail[dot-com]; see Tipsters Anonymous Policy in the green sidebar, upper right.

2 Responses to “Breaking: Dickey memo said detailing budget cuts”

  1. Anonymous Says:

    Here’s a question, Mr. Dickey:

    Do the layoffs and cutbacks stop here, or should Gannett employees keep that resume up to date and keep looking at Career Builder and Craigslist for job openings?

  2. Anonymous Says:

    Only Gannett would reduce newshole further, weaking their product which is already one that less and less people are finding valuable. BRILLIANT!

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: