Rick's Blog

Gannett is transforming, not like the movie

Poytner Online has a memo from Gannett CEO Craig Dubow to his employees that lauds the success of USA Today and discusses the “transformation” of Gannett:

Right now, Gannett is again in the middle of a transformation. We have a very powerful vision of where we need to be and now are on the winding, torturous paths of executing that vision. We all are feeling the pain and doubt and, I hope, some of the excitement.

It is not a “step-one, step-two, step-three and we’re there” process. It is not a simple transition. This is a full-fledged, hold-onto-your hats TRANSFORMATION.

He ends the memo strong:

I am very encouraged and optimistic about this next phase. While Gannett has challenges, our company still is very solid. We have strong cash flow and a lot of financial firepower to make this transformation work. What’s more, we have projects in the works and are learning new ways to succeed everyday. Plus, in the next few weeks, we will announce some exciting new investments in the digital space that grew out of our early innovation efforts.

So please don’t lose heart or patience. Together I know we can make this transformation a success. And always know how deeply I appreciate what you’ve already done.

Check it out here

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