Saturday, March 13, 2010

Gannett sale of Honolulu newspaper results in 600 layoffs

Six hundred workers will lose their jobs when owner Gannett Co. sells the The Honolulu Advertiser newspaper and related assets to Oahu Publications Inc., owner of the Honolulu Star-Bulletin.

Gannett is the parent company of the Arizona Republic. The Honolulu Advertiser was founded in 1856. Gannett purchased the paper in 1993.

The majority owner of the Star-Bulletin, David Black, has put his newspaper up for sale. However, he has said if a buyer isn’t found, the two newspapers will merge and layoffs will occur, according to an AP report in Editor & Publisher.

It is not known how many Advertiser employees would be rehired under a merged operation.

The Honolulu Advertiser reported the sale on February 25.

[Via http://seeingredaz.wordpress.com]

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