Tuesday, July 17, 2012

Gannett Revenue, Ad Sales Drop In Second Quarter

The newspaper industry saw continued declines in the second quarter of the year, judging by the results announced by the nation’s largest newspaper publisher. On Monday, Gannett Co. revealed that total revenues declined 2.1% to $1.3 billion in the second quarter of 2012. This was due entirely to declines in its newspaper publishing division, which more than offset a healthy increase in broadcast revenues.

Read more: http://www.mediapost.com/publications/article/178812/gannett-newspaper-revs-tumble-8-broadcast-up-11.html#ixzz20vDnZkIt

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