Detroit Free Press Cuts Home Delivery To Three Days A Week (GCI)

The WSJ reports that newspaper publisher Gannett (GCI) will stop home delivery of the Detroit Free Press for all but three days a week.

In November, when company stock was already down 71% , Gannett CEO Craig Dubow agreed to cut his salary from $1.2 million to $1 million.

This is a better move.

Circulation for US dailies shrank 4.64% during the six months before September. Newspapers are better off getting ahead of that trend on their own.

See Also:
Gannett CEO: Sorry For The Layoffs, I’ll Take A 3% Pay Cut

 

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