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.

Related posts:

1. Opinion: Gannett CEO’s Pay Cut Seems Overhyped
2. Attention Gannett Employees: Your Company Is Now Making Money. But You’re Still Being Laid Off.
3. Gannett Fully Acquires Ad Network

Glassdoor.com has impeccable backing, with CEO and Founder Robert Hohman previously being the President of Hotwire.com, and the team includes Richard Barton, CEO of Zillow, and Tim Besse, previously in senior management at Expedia. The board also includes Erik Blachford, CEO of TerraPass and former president and CEO of Expedia, Inc. and CEO of IAC/InterActiveCorp’s travel division, Stephen Kaufer, president and CEO of TripAdvisor and former president of CDS, Inc., and Rusty Rueff, former CEO of SNOCAP and previous EVP at Electronic Arts and executive at PepsiCo.

Glassdoor.com is billed as a career and workplace community where anyone can go to find and anonymously share real-time reviews, ratings and salary details about specific jobs in specific companies.

Registration and access to all employee reviews and salary details on Glassdoor is free to anyone provided they first write a review or contribute to a salary survey. Glassdoor refers to this as a “give-to-get” model that will populate the site from day one as people want to get in.

In addition to user contributed content, Glassdoor has been collecting company reviews and salary reports from employees who work for targeted companies over the past several months and will offer 3,300 reviews and salary reports for more than 250 companies at launch.

Glassdoor takes the idea behind The Funded and applies it to every company in the United States, a nation wide watercooler of employee condition gossip and sharing. Ultimately this will only end up as good as the level of community contributions, but it’s an untapped space that would seem to have huge possibilities. Definitely a site to watch.

Screenshots after the jump

Related posts:

1. Glassdoor Announces Board of Directors, But Still Not Disclosing What it’s Building
2. Gannett Ranked As One of America’s Worst Places to Work
3. MySpace COO Leaving to Form New Startup

The new Glassdoor board members include: Erik Blachford, CEO of TerraPass and former president and CEO of Expedia, Inc. and CEO of IAC/InterActiveCorp’s travel division, Stephen Kaufer, president and CEO of TripAdvisor and former president of CDS, Inc., and Rusty Rueff, former CEO of SNOCAP and previous EVP at Electronic Arts and executive at PepsiCo. The three join Glassdoor co-founders Robert Hohman and Rich Barton, CEO, chairman and co-founder of Zillow.com.

It’s an impressive line up, but we still don’t know what the company is building. Depending on which rumor you believe, Glassdoor.com is real estate related, possibly with a brokerage focus, or a social networking company focused on employment conditions. The only things we do know: they’ve changed their logo since raising $3 million in March, and the company claims it’s currently in private beta testing with the mystery product “expected to debut publicly in the coming months.” What ever it is, with this depth of talent and experience on the board we’ll be watching carefully.

Related posts:

1. Stealth Startup Glassdoor.com Launches: Employment Conditions
2. How Did Zillow Get To The Top Besides $87m In VC? They Ask For Links
3. Battle of the Company Databases: Crunchbase Vs Tradevibes