USA Today ME for print Money section among those laid off

Jim Henderson, managing editor of the print Money section of USA Today, was among those laid off by the Gannett paper on Wednesday.

Henderson’s name was among those listed by Jim Romenesko that lost their job.

Also laid off as Lisa Hitt, who had held the position of copy editor for USA Today’s Money section where she also helped oversee production of special sections on travel and the international Money section.

Roger Yu of the Money section writes, “President and Publisher Larry Kramer said the move was made due to a difficult and inconsistent national print advertising market and to accelerate the newsroom’s digital transition, in which it has pushed reporters to publish real-time news and introduced new editorial products aimed at generating additional sources of digital revenue sources.

“USA TODAY joins a growing list of national news organizations, including CNN, Time Inc. and The Wall Street Journal, that have had to trim their staffs. U.S. print advertising spending is estimated to fall 2.2% in 2014 to $31.8 billion, according to eMarketer. U.S. newspaper ad spending is estimated to fall about 4% this year, it says.”

Read more here.