Posted in Politics

Gannett has rough second qtr, not as bad as expected

   July 16, 2012

Gannett Co. , owner of PNJ, today reported second quarter financial results. Earnings per diluted share, on a GAAP (generally accepted accounting principles) basis were $0.51 for the second quarter of 2012 compared to $0.62 for the second quarter of 2011.

Publishing segment operating revenues in the quarter were $920.3 million compared to $977.1 million in the second quarter last year.

Digital revenues in the Publishing segment were up 29.3 percent in the quarter reflecting higher revenue from digital advertising and marketing solutions and the rollout of the all access content subscription model.

Advertising revenues totaled $594.3 million compared to $646.9 million in the second quarter 2011.

Read Gannett Blog’s comments.

Share:

Rules for Comments

Your comments are welcomed, but there are some rules to follow:

(1) Be Nice. No comments that slander another, no racism, no sexism, no personal attacks.

(2) No Harrassing Comments.

(3) No Libel. That’s saying something is not true about someone. Don’t do it.

(4) Keep it clean. Nothing vulgar, obscene, or sexually related. No profanity or obvious substitutions.

(5) I reserve the right to remove any comments that violate our rules or are inappropriate. I am not responsible for what is posted. Comments may not appear right away until they are approved by a moderator.

(6) Limit your comments to the subject in this story only, and limit comments to 1,500 characters or less. Do not post copyrighted material. Comments will not be added to stories that are over five days old.

(7) No posts may advertise a commercial business, political candidate, or political group. Links in a comment aren’t allowed.

8) Commenting too many times may result in your comments not being allowed. Readers will begin to ignore your views.

9) Email me if you believe a comment violates any of these rules, and it will be deleted.