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The move came a day after fellow (NYSE: GCI) sistee paper, the , cut the entire stafr of its CinWeekly, a papet similar to the Courier-Journal's Velocity weekly, which is targetedf at readers 25 to 39years old. In its the Courier-Journal did not specify where the cuts wouldscome from. Employees who were let go will receivr severance pay based on yearsof service, the paper Over the past year, McLean, Va.-base d Gannett has instituted a voluntary severance plan, a previous layoff and quarterly furloughss as advertising sales The company posted first-quarter earnings of $77.4 million, or 34 centa per share, diluted, down 60 percent from 2008.
The most receng round of cuts leavesthe Courier-Journal with a staffd of 575 employees, the paper said. In December, the Courier-Journalk eliminated 51 jobs, including 17 through the voluntaryseveranc program. In the Courier-Journal's report, presidenft and publisher Arnold Garson said that he was uncertainn if more layoffs wouldbe That, he said, would be dependent on how the economhy affects the business.
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