From Gannett Blog:
The figures, disclosed in the annual shareholder's proxy report, came after Gannett shed more than 6,000 jobs during the year through cuts that included a broad layoff in July. The company also imposed two rounds of furloughs and a one-year wage freeze for employees in the U.S. newspaper division and elsewhere. Combined, those moves helped drive Gannett's stock to yesterday's close of $16.78 from a 2009 low of $1.85.Gannett is the largest newspaper publisher in the country. The company's papers include the Desert Sun in Palm Springs.