By: Lucia Moses
Newspaper Cites Lost Ad Revenue
The Akron Beacon Journal announced Thursday it will start
laying off an undetermined number of people this week, citing the
“Only a month into the new year, we have lost an estimated $1.5
million in ad revenue from major store closings,” President and
Publisher John L. Dotson Jr. said in a statement. “The way things
are going, we think our 2001 revenue shortfall will be several
The paper, circulation 140,137, also will eliminate news columns,
cut promotion and travel, and defer equipment purchases. The
announced cuts come in addition to 400 layoffs companywide that
were previously announced by parent Knight Ridder.
Lucia Moses (email@example.com) is an associate editor covering business for E&P.
Copyright 2001, Editor & Publisher.