Chief
05-19-2008, 02:22 PM
http://biz.yahoo.com/ap/080519/gannett_april_sales.html?.v=1
Monday May 19, 4:48 pm ET
Gannett April operating revenue falls 7.7 percent, on decline across all categories
MCLEAN, Va. (AP) -- Gannett Co., the nation's largest newspaper publisher, said Monday its operating revenue fell 7.7 percent in April.
Total revenue for the period ending May 4 fell to $639.6 million from $693.3 million in the comparable period a year ago.
Publishing advertising revenue fell 10.4 percent to $410.9 million, hurt by the shift of Easter into March this year.
Retail advertising revenue fell 6.1 percent to $189.5 million, hurt by fewer furniture, entertainment and telecommunications ads.
Classified revenue fell 15.8 percent to $155.5 million, due to weak real estate and automotive revenue.
Broadcasting revenue fell 4.3 percent to $74.2 million.
Year to date, operating revenue is down 8.2 percent to $2.32 billion, as total newspaper advertising fell 10.3 percent to $1.51 billion.
Gannett publishes 85 daily newspapers, including USA Today, and owns almost 900 other publications. The company also runs 23 television stations.
**SCHNIPP**
In many ways, this is like watching a Medieval doctor continue to bleed at patient who is obviously dying from.....bleeding!!
If the biggest conglomerate publisher is doing this badly, what do wyou suppose the little guys are doing, especially the ones in markets that are heavily challenged by larger. more competative papers??
Hmmmmmmm???
Just askin'...
cewl
Monday May 19, 4:48 pm ET
Gannett April operating revenue falls 7.7 percent, on decline across all categories
MCLEAN, Va. (AP) -- Gannett Co., the nation's largest newspaper publisher, said Monday its operating revenue fell 7.7 percent in April.
Total revenue for the period ending May 4 fell to $639.6 million from $693.3 million in the comparable period a year ago.
Publishing advertising revenue fell 10.4 percent to $410.9 million, hurt by the shift of Easter into March this year.
Retail advertising revenue fell 6.1 percent to $189.5 million, hurt by fewer furniture, entertainment and telecommunications ads.
Classified revenue fell 15.8 percent to $155.5 million, due to weak real estate and automotive revenue.
Broadcasting revenue fell 4.3 percent to $74.2 million.
Year to date, operating revenue is down 8.2 percent to $2.32 billion, as total newspaper advertising fell 10.3 percent to $1.51 billion.
Gannett publishes 85 daily newspapers, including USA Today, and owns almost 900 other publications. The company also runs 23 television stations.
**SCHNIPP**
In many ways, this is like watching a Medieval doctor continue to bleed at patient who is obviously dying from.....bleeding!!
If the biggest conglomerate publisher is doing this badly, what do wyou suppose the little guys are doing, especially the ones in markets that are heavily challenged by larger. more competative papers??
Hmmmmmmm???
Just askin'...
cewl