Gannett's flagship publication USA Today is eliminating 45 newsroom jobs, a 9% editorial headcount cut, to offset declining revenue. USA Today is the strongest and most-read newspaper in the nation, so if this doesn't send shivers through the spines of newspaper newsrooms, board rooms, and investors, nothing will. As at other newspapers, USA Today's web site is reportedly doing well, but is not coming close to offsetting the loss of print revenue.
Memo From Editor Ken Paulson:
It's unfortunate that we have to take these steps, particularly when our newspaper circulation is growing and USATODAY.com has been named the top news website in the country by the Online News Association. Unfortunately, revenue has not kept pace and we're now facing the same cutbacks that so many other news organizations have already experienced.