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Layoffs at Valley News as Owners Shut Down All Pennysavers

Fulton’s Valley News suffered layoffs but will remain open as the company that owns the newspaper shut down all of its other weekly publications Monday.

Scotsman Media Group of Syracuse announced that the final editions of all of its Pennysavers were published last week.  The company had published more than a dozen Pennysavers, which featured community-submitted news and a heavy dose of classified and display advertising.

60 employees were laid off.  Company President Bill Veit said in a statement that the layoffs are expected to be permanent.  About 100 employees remain at the company.

Scotsman will focus on the Valley News, its only local news publication, and on its magazines, such as Today’s CNY Woman, Finger Lakes Vacationer and Syracuse Vacationer.  The company also has a long-time printing business.

The number of people laid off in Fulton is not known, though the company said it will keep the Fulton office open.  Offices in Auburn and Cortland were shut down.

The news is part of a series of events in which print news publishers have shut down or cut down.  Sunday, The Citizen of Auburn announced Sunday it will soon stop publishing on Mondays.  The Syracuse Post-Standard only publishes home-delivered editions three days a week.  The Oneida Daily Dispatch, which is published by the Post-Standard, also cut back to a three day publication schedule, while starting a Sunday edition.

2 Comments

  1. Thank *you* for your kind comment! Your username suggests you might have been one of the folks let go at the VN. If so, my heartfelt best wishes for a speedy recovery and thanks for your good work over the years at the paper where I got my start 40 years ago. Best of luck to you!

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