Gannett offers buyouts to 665 employees

Gannett Co. Inc. — the parent company of the Arizona Republic, USA Today and KPNX-TV Channel 12 in Phoenix — is offering buyouts to 665 newspaper veterans throughout the media company.

Jim Hopkins’ Gannett Blog has published a memo sent out by Gannett executives to newspaper employees throughout the Virginia-based chain.

The buyouts are being offered to Republic and other Gannett newspaper employees who are age 56 or older and have at least 20 years of service with their paper or the chain.

The deal also includes severance and a short-term continuation of medical insurance and benefits.

The 665 employees offered the buyouts have 45 days to accept the offer.

McLean, Va.-based Gannett owns 82 newspaper and 23 television stations.