Friday, January 30, 2009

Black And White And Red All Over

Reports of media layoffs deepened losses among newspaper stocks Friday, as publisher A.H. Belo said it will ax 500 workers, or 14.3% of its work force.

A.H. Belo's news comes after Gannett said its publishing income retreated 49.6% due to a weak advertising environment in the United States and abroad.

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