Plant Prospector: Gannett to Lay Off 700 Employees

Gannett Co., Inc., will lay off 700 employees from the company's community-newspaper division across the United States, due to the continuing weakness in local and national advertising.

Gannett Co., Inc. is an international media and marketing solutions company.  The Company provides consumers with the information, through the Internet, mobile, newspapers, magazines and television (TV) stations.  The Company operates in three segments: publishing, digital and broadcasting. Gannett publishes 82 daily United States newspapers, including USA TODAY, the daily print newspaper, and about 600 magazines and other non-dailies, including USA WEEKEND.  The Company also operates 23 television stations in 19 United States markets and Captivate, which operates video screens in office elevators in key urban markets.  The Company’s subsidiary, Newsquest, is the United Kingdom’s regional community news providers with 17 daily paid-for titles, more than 200 weekly newspapers, magazines and trade publications, and a network of Websites.

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The Plant Prospector is a weekly e-mail service that identifies national, regional, and local plants and businesses in transition through layoffs, closings, and work force reductions. A reduction in the number of employees is an indication of a current or imminent change in the operations of an enterprise and is invaluable in identifying companies including private firms, small public companies, and subsidiaries of major corporations that are in flux. Plant Prospector is an ideal prospecting tool for firms that provide services to businesses in transition, such as temporary employment agencies and outplacement firms, and for companies whose business may be affected by change, such as suppliers, professional firms, and insurance companies.