Something smells fishy over at USA Today. It appears that the paper’s CEO and publisher, Craig Moon, felt that yesterday would be a good time that he’d abandon ship. He announced his retirement on Tuesday saying that he had to blow this pop stand before the roof fell in seeing as how they’ve lost 100,000 subscribers (loose translation).
The paper has been around for 27 years and is one of the largest in the country with a weekday circulation of 2.3 million, according to the Wall Street Journal. This decision to leave falls on the heels of the paper’s top editor Kenneth Paulson, who has also not been replaced. So what do you do when you have a business and there’s no one to run it?
Read the details of losses the paper is facing as Moon makes his exit.