Newspaper Roundup: Gannett; Sac Bee; Star Tribune

Gannett: Another ugly month from Gannett (NYSE: GCI), which says revenue fell 12.3 percent in July, compared to 2007. Publishing ad revs fell 16.7 percent. The hollowing out of the classifieds business continues to be eye-popping: “Classified revenues declined 25.2 percent in July. Real estate revenues were 37.9 percent lower, employment revenues were down 29.1 percent and automotive revenues declined 21.1 percent. ” Other Revenue, which includes commercial printing as well as PointRoll and ShopLocal fell 3.8 percent, though there’s no breakdown between printing and the digital businesses. (Release)

Sacramento Bee: Following June’s news that The McClatchy Company (NYSE: MNI) would cut its staff by 10 percent, the company’s Sacramento Bee paper is now offering buyouts to 55 percent of full-time staffers. When the McClatchy staff reduction was announced, the Sac Bee slashed 8.1 percent of its roughly 1,000 employees. (Sac Bee)

Star Tribune: The Minneapolis/St. Paul daily says it’s reinvented its online opinion pages in the form of a blog. Instead of a relatively static presentation of what appears in the print edition, the new section, dubbed Opinion Exchange will be frequently updated and readers will be asked to comment on topics before their written. (Star Tribune)

Comments have been disabled for this post