Home>Media>Pay cuts, furloughs coming at Press of Atlantic City

Pay cuts, furloughs coming at Press of Atlantic City

Gannett announced furloughs t his week

By David Wildstein, April 02 2020 10:52 am

The owner of The Press of Atlantic City will reduce the play of employees or furlough an equivalent of two weeks salary, according to a Poynter report.

Lee Enterprises purchased the Atlantic City daily newspaper earlier this year from BH Media Group.

“Unfortunately, even our best efforts cannot overshadow the fact that our advertising revenue has been dramatically impacted now and for the near future,” the company said in a statement.  “To ensure our own sustainability, it’s important that we manage the economic impact to our company. The sacrifices we make now will minimize the long-term damage the pandemic could have on our business.”

Gannett, the owner of ten New Jersey daily newspapers, is also furloughing employees making more than $38,000-per-year.  They are also slashing the salary of senior management and executives by 25%.

“No new layoffs, but not ruled out,” Mike Pettigano, a video reporter for The (Bergen) Record,” said on Twitter.

In addition to the Bergen Record, Gannett operates the Herald News, Daily Record, Courier News, Home News Tribune, Courier-Post, Asbury Park Press, Daily Journal, Burlington County Times and New Jersey Herald newspapers.

Gannett announced layoffs of 91 employees, including 42 newsroom jobs, at newspapers across the U.S. this week, although none came from their ten dailies in New Jersey, according to a spreadsheet maintained online.

That brings the total number of Gannett employees who have lost their jobs since they were acquired by GateHouse Media to 566.

In New Jersey, just one newsroom job has been cut so far – at The (Bergen) Record.  Gannett has also cut one IT and sports planner position at The Record, and three advertising sales jobs at the Asbury Park Press.

Gannett announced on last month that their revenues were down 10% and their print advertising has dropped by more than 18% during the fourth quarter of 2019.

Spread the news: