Article: GateHouse Media has cut more than 10 percent of workforce since January

GateHouse Media, owner of The Carthage Press, Neosho Daily News, and Pittsburg Morning Sun, has cut 10.9 percent of its workforce since January, according to an article on Business Insider. The following description is given of the newspaper company:

-Revenues declined by 15% this year and losses increased $3 million.
-It cut 10.5% of its workforce since Jan 2009 and cut pay 7%-15% for the rest of its employees.
-Though local advertising revenues sank 13.4% in 2008, CEO Mike Reed says the company plans to focus more on local publications: "We view our exclusive local content as our greatest asset and as our sustainable competitive advantage. We are working diligently to intensify our local news coverage to further solidify these advantages

."