NEW YORK, Dec 5 (Reuters) - Several U.S. newspaper publishers said on Wednesday they will bank on cost-cutting to salvage earnings next year, with McClatchy Co (MNI.N: Quote, Profile, Research) and E.W. Scripps Co (SSP.N: Quote, Profile, Research) forecasting drops in newspaper revenue. USA Today publisher Gannett Co Inc (GCI.N: Quote, Profile, Research) also confirmed its fourth-quarter earnings would be down from a year ago and said its headcount would be lower at its newspapers in 2008.
Look for McClatchy to lay off employees and sell papers that aren't performing.
