Journalists at two dozen local newspapers across the U.S. walked off the job Monday to demand an end to painful cost-cutting measures and a change of leadership at Gannett, the country’s biggest newspaper chain. The mostly one-day strike coincided with Gannett’s annual shareholder meeting, during which the company’s board was duly elected despite the NewsGuild-CWA union urging shareholders to withhold their votes from CEO and board chairman Mike Reed as an expression of no confidence in his leadership. The strike includes journalists from Arizona Republic, the Austin American-Statesman, the Bergen Record, the Rochester Democrat & Chronicle, and the Palm Beach Post. Gannett has said there would be no disruption to its news coverage during the strike.

“In legal filing, the NewsGuild said Gannett’s leadership has gutted newsrooms and cut back on coverage to service a massive debt load. Cost-cutting has also included forced furloughs and suspension of 401-K contributions.”

“Among the contract demands are a base annual salary of $60,000. The median pay for Gannett employee in 2022 was $51,035, according to the company’s proxy filing.”

“Gannett, which owns USA Today and more than 200 other daily U.S. newspapers with print editions, announced last August that it would lay off newsroom staff to lower costs as it struggles with declining revenue amid a downturn in ad sales and customer subscriptions.”

“According to the NewsGuild, Gannett’s workforce has shrunk 47% in the last three years due to layoffs and attrition. At some newspapers, the union said the headcount has fallen by as much as 90%.”

  • Exaggeration207@beehaw.orgOPEnglish
    5·
    1 year ago

    I hate all these companies that have consolidated local media under one massive umbrella. Sinclair Broadcast Group and iHeartMedia also spring to mind.