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USA Today reports a Q3 net loss of $4.6M, revenue down 7.4% YoY to $519.2M, and lowers guidance; it announced $100M in annualized cost cuts including layoffs (Editor and Publisher)

Mediagazer · last updated

Editor and Publisher:
USA Today reports a Q3 net loss of $4.6M, revenue down 7.4% YoY to $519.2M, and lowers guidance; it announced $100M in annualized cost cuts including layoffs  —  USA TODAY Co. announced a $100 million annualized cost-reduction program Thursday as third-quarter revenue fell 7.4% to $519.2 million.

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