More cuts coming from GateHouse
From the Democrat and Chronicle:
In response, the company plans to do more cost-cutting. Its compensation costs were down 10 percent during the first quarter of 2009 compared with the same quarter in 2008, and Reed said, “We will be even more aggressive over the next couple of quarters as we weather this economic downturn. We remain highly focused on liquidity and improving our cash position.”
Apparently, the bosses are unaware of the wonderful EBIDTA.
GateHouse owns the Peoria Journal Star and just about every daily and weekly newspaper in this part of Illinois.







