Gannett reports ‘challenging’ Q2 earnings, plans cost reductions

Gannett, owner of USA TODAY and local news operations in 45 states, reported Thursday that it would undertake a “significant cost reduction program” amid a challenging economic backdrop marred by soaring inflation rates, labor shortages and price-sensitive consumers. The media company reported a net loss of $53.7 million in the second quarter, compared with a … Read more

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