Newsquest's US owners Gannett axe 166 jobs

Gannett, the giant US newspaper publisher and parent company of Newsquest, is to offer buy-outs to 166 full-time staff at its New Jersey division. 

American papers have for months been struggling to hit profit targets due to a severe downturn in advertising, particularly housing ads.

Newsquest’s Herald and Evening Times Glasgow department this month announced 40 redundancies, 20 in editorial, due to poor market conditions.

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