Wall Street didn’t expect to hear good things from Gannett Co., and the corporate media behemoth did nothing to contradict those dour assumptions. Gannett announced fourth quarter earnings this morning, and it’s not good; profit was down 31 percent.

Quick, someone find a way to save those folks some more money. How about tolls on employees trying to enter company facilities? Maybe LEO should conduct a reader contest to come up more ideas so CEO Craig Dubow and his band of merry sycophants don’t stay up nights plotting how to squeeze more blood out of this turnip … Anyone?

I just checked the Courier-Journal’s web site, and I didn’t see this happy news anywhere. Read about it here

Newsrooms across the country are seeing layoffs, even though Gannett has turned its former reporters into “mojos” — mobile journalists, with vidcams and all sorts of techie gadgetry — a move that was said to help buttress the company against changing reader habits and other troubling industry trends.

We’ll keep watching the C-J’s workforce. (CS)