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Breakfast is proving the rare bright spot in the coronavirus advertising slump. Companies that help provide the first meal of the day, like cereal makers, upped their ad spending more than 13 percent from February to March as more quarantined Americans suddenly find the time they need to eat breakfast, according to a new report. …
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Tribune Publishing, the parent company of the Chicago Tribune, the New York Daily News, and the Baltimore Sun, late Thursday said it was asking employees across the company to take pay cuts ranging from 2 percent to 10 percent. Unionized shops within the company are being asked to take a 4.5 percent pay cut, according …
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USA Today publisher Gannett announced a series of pay cuts and mandatory furloughs on Monday in the latest economic fallout from the coronavirus crisis. Gannett executives will take a 25 percent pay cut and CEO Paul Bascobert will forgo his salary entirely until the pay reductions and furloughs cease and the coronavirus pandemic has subsided, …