Gannett BlogJim Hopkins got that figure from a Gannett internal report, which covers the first three quarters of 2007. "The numbers are startling -- especially now, with Gannett poised to lay off perhaps thousands of newspaper workers [this week] in another bid to boost the company's flagging stock," he writes. "Every [Gannett] newspaper except Detroit's was profitable a year ago -- although some, just barely so."
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Newspaper ad sales dive by a record 18.1% in Q3
