Cox to sell all but three newspapers

Cox Enterprises says it intends to sell dozens of daily and weekly newspapers except its flagship papers in Atlanta, Dayton and West Palm Beach. Explains the Journal-Constitution story:

Cox now earns only 20 percent of its revenues from its newspaper, television and radio properties; the rest comes from more profitable cable and auto auction operations.

Cox says it doesn’t expect the first sale until Q1 of next year.

Plus: Gannett laying off 1,000 employees, 3 percent of workforce