The job satisfaction site compiled its user-submitted rankings and reviews from the past year and found Gannett to have an overall rating of 2.6 (out of a possible 5 points). CEO Craig Dubow’s approval rating? A whopping 19 percent. He’s even beating President Bush’s historically low approval score with that number.

Gannett appears to be the only media ownership group that made Glassdoor’s bottom 50 list.

Clicking over to the reviews page for the company provides some interesting user-submitted headlines. To be fair, some of them are neutral or even slightly positive. Some of the ones that stood out the most, however, included:

• “I am sorry for those that are still there” –Executive Assistant in McLean, VA (US)

• “The horribly mismanaged side of the media industry.” –Web Developer in Bridgeport, CT (US)

• “Working for Gannett feels like you’re on the lower class levels of the Titanic.” –Master Control Operator

• “Gannett will erode your soul.” –Marketing in Indianapolis, IN (US)

Gannett, as you may recall, has seen more than its share of layoffs and profit challenges this past year as the company struggles to find its way in the modern media world. CEO Craig Dubow recently cut his next year’s salary from $7,500,000 to $7,300,000 to help. We sarcastically commended his oh-so-generous gesture here, in case you missed it.

You can check out Glassdoor’s full list of the 50 worst companies — which also includes AT&T/AT&T Mobility, Blockbuster, Real, and eBay — here. The site’s top 50 list, which includes Netflix, Adobe, Google, and Best Buy, is here.

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3. Gannett Fully Acquires Ad Network

Chief Executive Craig Dubow made the heroic announcement in an internal memo picked up by former Gannett veteran Jim Hopkins’ blog this week. “All Gannett employees are making deep sacrifices for their company,” Dubow writes. “I have great empathy for those employees and their families who have lost their jobs.”

Other execs are already heaping on the praise, Hopkins reports. “We commend Craig for his leadership in taking this step,” writes Gannett Presiding Director Karen Hastie Williams.

The memo emphasizes that Dubow’s rate cut is a whopping 17 percent. It is — if you factor in only his base salary of $1.2 million a year. But once you add in bonuses, stock awards and options, and deferred compensation interest earnings, he’s pulling in a cool $7.5 mil, Reuters notes. All added together, the now 3 percent drop seems slightly less significant. Though, to be fair, when you’re used to making $7,500,000, dropping down to $7,300,000 could be a big adjustment.

Gannett’s most recent cutbacks follow the elimination of about a thousand jobs back in August. The company saw an 18 percent drop in advertising revenue this past quarter compared to the same time last year. Its shares have also fallen more than 75 percent in the past year. Executives have indicated more layoffs could be on the way soon.

But hey, at least the people at the top are doing their part, too — right?

Related posts:

1. Gannett Ranked As One of America’s Worst Places to Work
2. Gannett CEO gives up ‘chump change’ – empathy my ass
3. Attention Gannett Employees: Your Company Is Now Making Money. But You’re Still Being Laid Off.