MCLEAN, Va., May 14, 2012 /PRNewswire/ -- Gannett Co., Inc.

Sprint's financial chief announced on Monday that it plans to reduce costs and employ cash to reimburse its $3 billion of debt due in 2009 and 2010, instead of securing new financing in these uncertain economical times.

Sprint Nextel (NYSE:S) has named Robert H. Brust, 64, as Chief Financial Officer, effective immediately. Brust previously served as CFO of Eastman Kodak Company and CFO of Unisys Corporation following a 31-year career with General Electric Company.

By Jason Gertzen, The Kansas City Star, Mo. Jan. 25--Sprint Nextel purged three senior executives Thursday as new CEO Dan Hesse continued his makeover of the struggling company.

Sprint Nextel (NYSE: S) today announced changes in its senior management team. Paul Saleh, Chief Financial Officer, Tim Kelly, Chief Marketing Officer, and Mark Angelino, president, Sales and Distribution will leave the company Friday, January 25.