From my last two post you can see that Gannett is facing some problems. To help cut some cost, rumor has it that the CFO, who is currently taking over as CEO while he is on medical leave, will cut approximately 4,500 jobs in the next two weeks and cut pay by 10 percent for the broadcast division of the company. 

Although this is not official and has only been noted on a highly credible Gannett blog, this could be an interesting change for the company. By laying off this many people the company will cut cost, but will it be enough to help their 2.3 million deficit that they already have this year?

Only time will tell...