Posted in Business

PNJ owner sees newpaper revenue drop $32 million in second quarter

   July 24, 2014

am paper
MediaPost reports that the owner of the Pensacola News Journal, Gannett Company, saw total revenues of its publishing division, which includes the daily’s insert USA Today, fall from $904.2 million in the second quarter of 2013 to $867.4 million in the second quarter of 2014. Gannett attributed the decline to decreases in national advertising, partially offset by growth in digital advertising and marketing services.

Total advertising revenues at Gannett’s newspaper division fell 5.7 percent from $562.5 million to $530.2 million over this period, largely due to a 16.3 percent drop in national advertising. However, retail and classified revenues posted modest growth, including a 1.3 percent increase in employment advertising. Circulation revenues slipped slightly from $279.7 million to $277.9 million.

Read more.

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.