Alternative suggestions from the rank and file have included staff taking a day's unpaid leave each month, rather than reducing hours or taking a week's unpaid holiday, so as not to burden them financially. Newsquest, which publishes 17 daily newspapers and about 200 weekly papers across the UK, is likely to save a significant sum should staff agree to any of these options. These plans comes after the publisher imposed a pay freeze in December across the group and made a number of job cuts and closures, particularly in the north-west of England. In addition, last month Gannett revealed that Newsquest's revenue from property ads plunged by nearly 60% year on year in the last three months of 2008. Total UK classified advertising revenue also fell 35.3%. Gannett, publisher of USA Today and the largest newspaper company in the US, also said it planned to write down the value of all its assets by up to $5.2bn (£3.6bn) as a result of the impact of the recession in the UK and America.