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Gannett 2Q net income falls 5 percent; revenue flat
Associated Press ^ | Jul 22, 2013 2:11 PM EDT

Posted on 07/22/2013 1:18:30 PM PDT by Olog-hai

Gannett Co., the owner of USA Today and other newspapers and television stations, said Monday that net income fell 5 percent in the most recent quarter as newspaper advertising revenue fell and the company took charges for job cuts and other restructuring costs.

Gannett earned $113.6 million, or 48 cents per share, in the second quarter, compared with $119.9 million, or 51 cents per share, a year earlier. …

Gannett’s stock fell 58 cents, or 2.2 percent, to $25.78 in afternoon trading after the release of results. …

(Excerpt) Read more at hosted.ap.org ...


TOPICS: Business/Economy; Computers/Internet; Miscellaneous; Society
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1 posted on 07/22/2013 1:18:30 PM PDT by Olog-hai
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To: Olog-hai

‘Twon’t be a disappointment to watch McPaper pull a Helen Thomas.


2 posted on 07/22/2013 1:50:37 PM PDT by Da Coyote
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To: Olog-hai

3 posted on 07/22/2013 3:10:05 PM PDT by SoFloFreeper
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