The NUJ ePetition is calling on Gannett/Newsquest to abide by the assurances they provided to the Competition Commission in 2003 on the transfer of The Herald, Sunday Herald and Evening Times and stop cutting jobs in these titles. Those assurances included their stated intention to maintain the quality and level of coverage of Scottish issues and opinions. For the third year in a row profits have increased at Newsquest (Herald & Times) and for the third year in row management have demanded job cuts across the board.
The Herald's position as a national newspaper is seriously under threat.
The Sunday Herald's role as an award-winning quality Sunday title is at risk.
The ability of Evening Times journalists to sustain the high profile campaigning identity of the paper is being dramatically undermined.
The real danger to these prestigious Scottish titles comes directly from Newsquest's demand for job cuts in each of the last three years.
Their profitable return on investment has been over 35% during this period. This is more than double the average company performance in the UK (14.8%)
Profits from the three titles more than doubled last year to almost £20million.
Parent company Gannett has a current operating revenue of $8033 million.
Now Chief Executive Tim Blott is demanding up to £3million savings from staff.
The Scottish public and civic society must stand up for these newspapers, which are much more important to this country than aspirations and demands of Newsquest shareholders. We need your support to protect titles which are an essential part of Scottish cultural, political and civic life.
Write to the company expressing your concerns and sign the petition.
Tim Blott, Chief Executive, Newsquest (Herald and Times) Limited, 200 Renfield Street, Glasgow G2 3QB.
Click here to sign the NUJ ePetition @ http://www.ipetitions.com/petition/heraldandtimes/
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