In December Triple Crown Media's newsprint costs increased by 25%. So, the best way for this newspaper publisher to keep costs down in 2008? Cut its workforce. A 5% company cut was announced Friday, while one of Triple's newspapers, the Gwinnett Daily Post, has already cut its workforce by 7%.

"These are tough economic times for most, and it's certainly being felt in the newspaper business," said Gwinnett Daily Post publisher J.K. Murphy.

And according to the company's executive vice president, Michael J. Gebhart, "the credit crunch coupled with an economic slump of this magnitude has put pressure on our industry. In difficult times like these, we have to batten down the hatches."

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