Gannett Holds On By Its Fingers

Posted: April 19, 2007 at 7:59 am

Revenue at Gannett (GCI) was flat for the quarter. It did have a couple of TV stations in there for the period. They weren’t in last year.

Total sales hung around $1.8 billion. Advertising was down 2% to $1.24 billion. Circulation revenue was flat at $324 million. With total subscribers dropping, the company must have had some ability to increase prices.  Maybe Cramer was right the other night when he discussed Gannett as needing to acquire Monster Worldwide (MNST).

Revenue in the well-regarded "other" category was up 11% to $121 million. 24/7 will have to get back to you on that.

Douglas A. McIntyre

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