The Journal News cut 12 jobs today citing further erosion in ad revenue from retail, housing, automotive and employment sectors of the economy.
The cuts were part of a larger plan by the newspaperâ€™s parent company, Gannett Co. Inc., to eliminate 1,000 jobs across the companyâ€™s 84 news properties in its Community Publishing division, which includes The Journal News and LoHud.com.
The number of positions eliminated at each newspaper was determined locally, McLean, Va.-based Gannett said.
Haights Cross Communications Inc., a White Plains-based educational and library publisher, today reported a net loss of $9.8 million during the first quarter, less than the net loss of $12.4 million a year earlier.
Revenue of $51.8 million fell 2.1 percent from a year earlier, reflecting declines in the companyâ€™s K-12 supplemental education and medical education segments that were partially offset by revenue growth in test-prep and intervention and library segments, the company said.
In January, Haights Cross said it planned to sell its business, and a wind down of its operations began in March. That process is still ongoing, the company said.