Charles McGhee (left) surprised colleagues early today by quitting his post at Glasgow's Herald after Gannett's big second-quarter profit and revenue fall, the Guardian says.
"McGhee's revelation sparked speculation that he quit after being told that Herald owner Newsquest was seeking even deeper cuts in staffing and budgets at the paper,'' the Guardian says. "Over the past few months, McGhee has forced through several waves of cuts and voluntary redundancies, provoking angry complaints from staff and unions. The most recent cuts were in May, with 40 posts across the Herald group axed, including 20 editorial staff."
The Herald's circulation has dropped, contributing to Newsquest woes that last month spurred Gannett's planned $3 billion writedown. The paper sold an average 63,951 copies daily in June, the Guardian says, down almost 8% from a year ago.
Earlier: U.K. workers strike over 'Dickensian' conditions