Media
Gannett (GCI) Hit With Another Big Advertising Drop
Published:
Last Updated:
Gannett (GCI) reported that total pro forma operating revenues for the period ended November 4, 2007 declined 6.8 percent compared with the same period in 2006
Pro forma classified revenues were down 9.7 percent in the tenth period. Real estate revenues declined 13.5 percent, employment revenues were 10.4 percent lower, and automotive revenues were down 13.4 percent
Pro forma national advertising revenues in October were down 2.3 percent. At USA TODAY, advertising revenues were down 6.1 percent on paid ad pages of 369 versus 419 last year
Gannett said its websites had 22.7 million visitors in October, 14% of the national total, but that did not help much
Douglas A. McIntyre
Get a Free Trial Subscription to the "24/7 Wall St. New Media Newsletter" and follow stocks like Gannett, Google, AT&T, Viacom, and more.
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
