Gannett is slashing its dividend for the first time in its history.
The cut will lower the payment to 4 cents per share, a 90 percent drop from 40 cents per share. The dividend had been steadily increasing since Gannett made its first quarterly payment in 1967 fast payday loan no faxing.
The McLean, Va.-based company expects to save about $325 million annually with the move.
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