A source tells FishbowlDC that Gannett Co.,Inc. (NYSE: GCI) is not business-as-usual after the buyouts. The company insider claims that a corporate reorg. will place Gannett’s DC News Bureau under the direction of their corporate communications department.
FishbowlDC spoke to Gannett VP of Corporate Communications Tara Connell who said, “the confusion stems from our ‘Content One’ initiative.”
Connell; who is also spearheading the new initiative says that Gannett’s DC news group will report to her via ‘Content One’ but denies that the reorg. means anything more than “a drive for more united coverage and transparent content across all of Gannett’s properties.”
When asked about additional layoffs, Connell said: “Nothing planned beyond yesterday’s buyouts but it will be determined by the future state of the industry.”