US firm Gannett didn’t hesitate to let sub-editors go once the pound fell against the dollar.
Forrget Peugeot and Ellesmere Port for a moment. Think of something much closer to journalism’s future here and now. The mighty Gannett company, America’s largest newspaper company, owns Newsquest of the UK, with 205 titles and brands around Britain. When the dollar sinks against the pound, Newsquest profits help Gannett figures and keep shareholders happy. (That was one reason for the purchase in the beginning).