Most employees will be forced to take five day's unpaid leave in April, May or June, while others will have salaries reduced to reflect a week's pay, depending on the company's various divisions and locations.
Gannett is the US' largest newspaper publisher, with 85 daily titles and nearly 1,000 non-daily regional titles under its remit.
The company owns more than 20 television station across the US and is the parent company of Newsquest in the UK, which publishes 17 daily titles and more than 200 weeklies around the country.
Craig Dubow, Gannett CEO, said in a memo to employees: "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.
"Despite all of your truly remarkable efforts to reverse the trend, our revenue numbers continue their downward slide and we have been faced with more difficult decisions."
Dubow said he and other corporate members of Gannett would also be participating.
The paper will now function solely online at , mimicking a move made by the US daily
Staff action was unable to save EW Scripps' Rocky Mountain News in Denver, which ceased publication at the end of February after 150 years.
Blog posts of the newspaper crises:
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