Gannett was no exception. Total revenue for the month of may fell 6% to $606.3 million. The decline was paced by classified advertising which was off 8% to $164.3 million.
The hope that internet revenue will begin to offset the collapse in print sales does not seem to be working. It would be perverse if the only way that this happened is if the sales for print fell so far that internet dollar growth would fill the hole. As badly as things are going, the could happen.
Douglas A. McIntyre