Gannett First Quarter Earnings Call
24th April 2008 00:00 AM |
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| Earnings amounted to $191.8 million or 84 cents a share, down 7% from $210 million or 90 cents in the prior year on falling revenues. |
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| The media company reported operating revenues of $1.7 billion, down 8.4% from $1.8 billion in 2007 due to a weaker economic environment that negatively affected advertising demand across business segments. Gannett is in the midst of a deep transformation to meet head on the fundamental changes in the way people consume news and information. These changes are taking hold and the firm is making real progress in developing a world-class digital business, while enhancing the core products. |
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Gannett Fourth Quarter Earnings Call
6th February 2008 00:00 AM |
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| Excluding $110 million pretax impairment charges, the earnings for the quarter were $1.28 per share. |
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| The leading media company that owns USA Today reported operating revenue of $1.9 billion for the quarter. The slowing US economy, driven by the meltdown in the housing market contributed to a very soft advertising environment, with the classified advertising hit most hard. During the quarter, Gannett entered into a joint venture with Tribune Interactive to expand its Metro Mix brand and it has also acquired a controlling interest in Schedule Start LLC and highschoolsports.net. |
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Gannett First Quarter Earnings Call
9th January 2008 00:00 AM |
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| The net income dropped to $210.6 million or 90 cents per share as against $235.3 million or 99 cents per share in the prior year quarter. |
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| The revenue of the newspaper publisher dropped 1% over prior year to $1.87 billion, reflecting the absence of revenue associated with the Olympics in 2006’s first quarter and softer advertising demand at domestic newspaper properties. The company has announced the sale of four newspapers for $410 million and it expects to close the transaction in the second quarter of 2007. Gannett relaunched the USA Today.com site and witnessed a 380% increase in registrations. |
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Gannett Third Quarter Earnings Call
27th December 2007 00:00 AM |
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| Profit fell to $234 million, fueled by slumping real-estate ads and a tough comparison to year-ago results boosted by heavy political advertising. |
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| The newspaper publisher reported revenue decrease of 3.8% to $1.81 billion, as advertising revenue slipped in all categories. Local, national and classified ad revenue each fell, leading to a 4.8% drop in total ad revenue to $418.8 million in September. Results at Newsquest were stronger than they have been in some time. Revenue in television stations and related assets fell 3.4% to $189.5 million on lower sales of political ads. The company expects the real estate slump to continue into 2008. |
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Gannett Second Quarter Earnings Call
23rd July 2007 00:00 AM |
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| Net earnings were $365.7 million or $1.56 per share for the second quarter, versus $310.5 million or $1.31 per share a year earlier. |
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| The increase of the quarterly profits was attributed to the sale of several newspapers but excluding the one-time gains earnings declined on weaker advertising. Revenues slid 3.4% to $1.93 billion while newspaper advertising revenues dropped 5.3%. The decline of 7.7% in the U.S. newspapers was partly offset by a softer fall of 2.5% in the papers in the UK. The largest newspaper publisher in the country benefited from improved costs controls and the addition of two television stations. |
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