Rick's Blog

Gannett shares its wealth…sort of

Gannett has given 7 grants to local charities – total $30,500

The Gannett Foundation grants are down from 2005 when the media giant gave $25,000 to Rebuild Northwest Florida and an addtitional $29,432 to six other non-profits.

In 2004, Gannett saw its revenue jump up 10% last year and its net income had a $100 million gain. Last year,total operating revenues rose 4.3 percent to $7.6 billion, a new record. Net income was only $1.21 billion.

We appreciate Gannett sharing  .000025416666666666666 of its profits with the community.

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