Gannett-the largest newspaper company in America and owner of USA Today-said today it plans to cut 1,000 jobs from its smaller local papers. That amounts to about 3% of the total workforce. Six hundred of those cuts will likely be in the form of layoffs. It's a rough message, coming on the same day that rival McClatchy announced a wage freeze, Cox announced its desperate newspaper fire sale, and Sam Zell's Tribune Company lost its daily $20 million. Nobody seems able to find a competitive advantage in their rivals' misfortune. A month ago, a rash of cuts at print publications made us declare Print's Black Wednesday; today, Black Thursday, has been even worse. Soon the newspaper industry won't have any days left.
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