There is more bad news this afternoon for the newspaper business. Raleigh News and Observer?s parent company, McClatchy Company announced today that they?ll freeze employees’ wages for a year. Gannett Company, which owns 85 newspapers across the US including the Asheville Citizen-Times, is cutting 1000 jobs according to a report in the Wall Street Journal. Triangle Business Journal reports that Cox Enterprises, which owns the Atlanta Constitution is hoping to sell its daily newspapers in Greenville, Rocky Mount and Elizabeth City.
Thank goodness we can still count on Carolina Journal.
