Rick's Blog

Gannett newspaper revenue falls again

The parent company of the Pensacola News Journal reports its non-broadcast revenue dropped to $300 million, compared with $361 million in August 2007, was only slightly higher than the 16.3% decrease in June and 16.7% in July. Of course, the revenue was still $300 million for August, so I wouldn’t panic.

Classified revenues were 28.0 percent lower in August. Real estate revenues were down 40.9 percent, employment revenues were 33.6 percent lower and automotive revenues declined 21.1 percent.

Read more.

Exit mobile version