UPDATE: Dubuque Telegraph Herald & East Dubuque Register layoffs - KWWL - Eastern Iowa Breaking News, Weather, Closings

UPDATE: Dubuque Telegraph Herald & East Dubuque Register layoffs

Posted:
Woodward Communications Inc. tells KWWL it will eliminate 24 positions, or approximately 4.3% of its workforce. Woodward Communications Inc. tells KWWL it will eliminate 24 positions, or approximately 4.3% of its workforce.

DUBUQUE (KWWL) -- KWWL has confirmed layoffs and a wage freeze at two prominent Dubuque-area Newspapers.

Woodward Communications, Inc. (WCI), whose holdings include the Dubuque Telegraph Herald and East Dubuque Register, confirmed to KWWL Tuesday a company-wide workforce reduction, and re-structuring of several departments.

A total of eight positions will be cut between the Dubuque Telegraph Herald and East Dubuque Register. Seven of the positions were full time, one was part time.

KWWL-DT is a coverage partner with the Telegraph Herald in Dubuque.

"Like many media companies, we have faced a "perfect storm" during the last year...an eroding economy and resultant industry-wide advertising recession, crippled credit markets, declining consumer confidence and ever-increasing operating costs, especially in the areas of payroll, health care, newsprint and energy," said Woodward Communications, Inc. President & CEO Tom Yunt. 

WCI tells KWWL it will eliminate 24 positions, or approximately 4.3% of its workforce. The workforce reduction will occur across the company, including corporate staff. In addition, a company-wide pay freeze will go into effect April 1st for all WCI employee owners.

"This decision is difficult and gut-wrenching, but necessary to stabilize and position WCI for what looks to be an extremely challenging 2009. These difficult decisions should better position WCI to weather the current economic storm, as well as best prepare WCI for continued success, growth and diversification, said Yunt.

Woodward Communications employed 560 employee-owners before the workforce reduction, 536 will remain after the cuts.

"The actions we are taking are designed to allow us to continue to invest in current operations, and pursue new growth and diversification opportunities while adjusting to current financial, economic and industry conditions," said Yunt.

Woodward Communications, Inc. is an employee-owned (ESOP) and privately-held multi-media company with media and marketing service operating units in Iowa, Illinois and Wisconsin.

In addition to the Telegraph Herald and East Dubuque Register, the company operates the Tri-State Business Times (Dubuque, IA); Grant-Iowa-Lafayette Shopping News (Platteville, WI); Richland Center Shopping News (Richland Center, WI); Wisconsin-Iowa Shopping News (Prairie du Chien, WI); Cascade Pioneer (Cascade, IA); Dyersville Commercial (Dyersville, IA); Eastern Iowa Shopping News (Dyersville, IA); Oregon Observer (Oregon, WI); Fitchburg Star (Fitchburg, WI); Verona Press (Verona, WI); Great Dane Shopping News (distributed in the Madison, Wisconsin suburban markets); Courier Hub (Stoughton, WI); Woodward Printing Services (Platteville, WI);Biomass Products & Technology (Dubuque, IA); Energy Tech (Dubuque, IA); Shop Talk (Dubuque, IA); Material Handling Network (Peoria, IL); Mission Creative (Dubuque, IA); F.A.C. Marketing (Burlington, IA) and six radio stations in the Appleton-Green Bay, Wisconsin market, WAPL-FM, WHBY-AM, WSCO-AM, WECB-FM, WKSZ-FM and WZOR-FM.  

Woodward Communications, Inc. is also the parent company of Two Rivers Marketing, a wholly-owned subsidiary located in Des Moines, Iowa.   

Online Producer:  JJ Murray

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