Another Iowa media company has announced major job cuts. Executives at the company that owns The Cedar Rapids Gazette, K.C.R.G. television and a printing firm in Cedar Rapids say about one-hundred employees are being cut from the payroll.
The company’s president and C.E.O. cites the slumping economy, declining ad revenue and a spike in the cost of newsprint. The Gazette Company had about 600 employees in all three of its media firms last summer when flood waters struck Cedar Rapids. After all the cuts go into effect, there’ll be about five-hundred in the three companies.
The Des Moines Register laid off workers in December and ordered all employees who were still on the payroll to take a one-week furlough in the first three months of this year.