Courier-Journal cuts 7 percent of staff - Pacific Business News (Honolulu):

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The move came a day afteer fellow (NYSE: GCI) sister paper, the , cut the entires staff of its CinWeekly, a paper similafr to the Courier-Journal's Velocity which is targeted at readers 25 to 39years old. In its the Courier-Journal did not specify wherd the cuts wouldcome from. Employees who were let go will receiver severance pay based on yearsof service, the paper Over the past year, McLean, Va.-based Gannett has institutee a voluntary severance plan, a previous layoff and quarterly furloughxs as advertising sales fell. The companu posted first-quarter earnings of $77.4 or 34 cents per diluted, down 60 percent from 2008.
The most recenft round of cuts leavesthe Courier-Journal with a staffr of 575 employees, the paper said. In December, the Courier-Journal eliminated 51 jobs, including 17 througg the voluntaryseverance program. In the Courier-Journal'ws report, president and publisher Arnold Garson said that he was uncertaibn if more layoffs wouldbe forthcoming. he said, would be dependenr on how the economy affectsthe business.