It ain’t over yet for the Tucson Citizen. The struggling Arizona paper was set to close on Saturday — and had even prepared a farewell edition — but now two prospective buyers have emerged and Gannett Co. has announced that the Citizen will continue to publish on a “day-to-day basis” until negotiations are completed.
Talks are in progress with two “very interested buyers,” according to Robert Dickey, president of U.S. Community Publishing for Gannett Co. in a memo to staffers. Reporter Renee Horton dug up the name of one likely party: Santa Monica Media Corp., a “blank check company” that exists solely to perform mergers and acquisitions.
Staffers were stunned by the news, since many have already landed new jobs or had made plans for how to spend the severance they were promised. About 25 of the paper’s 65 employees would have been eligible for at least 20 weeks of pay under the severance deal, according to the story in the Citizen. Several staffers were none too pleased about the news.
Randy Harris, a staff artist who presumably is not looking forward to continuing his employment at the paper, said the news was “just one more instance where they are screwing us over one last time.”
This entry was posted on Wednesday, March 18th, 2009 at 7:47 am and is filed under Business News, Layoffs, NewMedia. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.