Posted on 06/12/2006 6:16:01 AM PDT by abb
WASHINGTON (MarketWatch) -- Gannett Co. (GCI) said it generated $650.7 million in revenue for the four weeks ended May 28, up 2% on a pro forma basis from the same period in 2005. The increase came from the McLean, Va.-based media company's broadcasting division and from local advertising demand at its domestic community newspapers, as circulation revenue as well as daily and Sunday net paid circulation all fell compared to May 2005. If adjusted to keep the British pound's exchange rate constant on a year-over-year basis, Gannett's total pro forma operating revenue would have been 2.3% higher for the month. Shares of Gannett lost 16 cents to end Friday's trading at $54.11
More good news...
Quagmire. What a mess.
GCI's centuries old marquee mastheads at the top of a mostly identical news package slowly lose clout.
It's definitely a Quagmire... Reckon what they're gonna do about it?
This is the great newspaper organization which has had the liberals hoping for a brighter tomorrow. We have had Freepers claim that GCI is a great investment.
Sounds like reality is catching up with this left wing maggot infested group of Dinosaur fishwraps and other outlets.
My theory: if it ain't interactive, it ain't gonna survive.
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