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May 10, 2008

Gannett Offers 160 Buyouts in NJ as Ad Revenue Declines

“The economy continues to struggle, and as a result our advertising revenues have fallen well short of expectations”

Gannett Co. Inc. on Friday said it was offering buyouts to a total of 160 workers at five of its six New Jersey newspapers, as advertising revenues decline. via KSDK NewsChannel 5

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