Des Moines Register affected by Gannett cuts

We've talked many times in class this past term about the declining business of the printed newspaper. Between the troubling economy and the advances in technology (internet, MP3 players, BlackBerrys, etc.), it's no surprise that printed news is taking a hit. Gannett Co., the country's largest newspaper chain, announced Friday that 1000 jobs nationwide will be cut (approximately 3 percent of the workforce). The Des Moines Register is owned by Gannett and confirmed that 26 jobs will be cut from its staff.

One could only hope that this "recession" in the news industry will only be temporary, but unfortunately it is probably an on-going trend. Sinking advertising revenue and a dropping stock price were named as reasons for the cuts.