After mandatory, week-long unpaid furloughs saved Gannett Co Inc. US$20 million, the U.S. newspaper publisher has instituted a second round of furloughs in April, May and June to cut more costs, according to a company memo obtained by Reuters Monday.

This new round of furloughs will vary based on location and division of the company, according to a memo to employees from CEO Craig Dubow. Other measures include a temporary salary reduction for some employees with salaries over $90,000, and a one-year freeze on wages and salaries beginning April 1.

With declining ad revenues and online migration of print content, Gannett was among the first newspapers to adopt cost-cutting measures.

"We are about to begin the second quarter without any real relief in sight from this unprecedented economic downturn and its challenge to our company," Dubow stated in the memo, according to Reuters.