Gannett (NYSE: GCI) flagship USA Today is the latest paper to slash staff, cutting 45 newsroom jobs despite seeing recent gains in newspaper circulation. The paper will start with buyouts and proceed to layoffs if needed; staffers with 15-plus years of Gannett experience and less than five years of online experience. In a brief memo posted on Romenesko, USA Today editor Ken Paulson explained: “It’s unfortunate that we have to take these steps, particularly when our newspaper circulation is growing and USATODAY.com has been named the top news website in the country by the Online News Association. Unfortunately, revenue has not kept pace and we’re now facing the same cutbacks that so many other news organizations have already experienced.”
So far, none of the comments we’ve been hearing lately from other publishers about reinvesting some of the savings into new media.