Archive for the ‘Media’ Category

The Newark Post is one of the many local newspapers being hit hard by the current recession, and has had to resort to staff cuts to stop losses. Full story

Gannett Co., publisher of the News Journal, will freeze wages for one year and furlough nearly 41,500 employees as a way to avoid more layoffs, according to a memo obtained by the Bear-Glasgow Observer. Full story

A week after the Philadelphia Inquirer and Daily News parent Philadelphia Media Holdings (PMH) filed for bankruptcy, PMH has announced that the Daily News will be published as an edition of the Philadelphia Inquirer. Full story

Philadelphia Newspapers LLC, a subsidiary of Philadelphia Media Holdings (PMH) which owns The Philadelphia Inquirer, the Philadelphia Daily News, and Philly.com, filed for bankruptcy protection on Sunday in order to restructure its $390 million in debt load. Full story