Thursday, May 1, 2008
© Copyright 2014
Gwinnett Daily Post
AJC reduces circulation, cuts 62 jobs
ATLANTA - The Atlanta Journal-Constitution will reduce its distribution area for the second time in 14 months, eliminating 62 non-newsroom jobs in a cost-saving move, the newspaper announced Wednesday.
The newspaper, the largest in Georgia, said Wednesday that it will cut back from 74 to 49 counties -- 46 in Georgia and three in North Carolina - reducing circulation by about 2.2 percent daily and 1.9 percent on Sundays.
The change, effective June 2, affects mainly the northwest corner of the state and along the South Carolina border. Also included is the Chattanooga, Tenn., area. The newspaper said it will continue circulation in Macon, Clay and Cherokee counties in extreme western North Carolina.
GM loses $3.3 billion, lowers outlook
DETROIT - Bowing to grim reality, General Motors Corp. followed Ford's lead and cut its U.S. sales forecast Wednesday after a tough first quarter that saw a $3.3 billion loss.
GM's loss for the January-March period amounted to $5.74 per share, reflecting $2.9 billion in one-time charges. That compares with a profit of $62 million, or 11 cents per share, in the first quarter of 2007.