Meanwhile, the company has faced criticism for its questionable acquisition strategies, high executive pay and stock buyback plan for shareholders.Many of those remaining were required to take a week of unpaid furlough during the recent holidays. cities into news deserts.īetween the lines: ThisWeek's closure follows multiple rounds of layoffs across Gannett, the country's largest newspaper chain, in 2022 - including several Dispatch reporters. The big picture: Rising print costs and declining advertising revenue are contributing to the fall of local newspapers, turning a growing number of U.S.
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