Gannett’s Q3 Profit Plummets 53%, Ad Sales Continue to Decline (GCI)
Posted on October 19, 2009 at 10:46 AM EDT
Newspaper publisher Gannett Co., Inc. (GCI) said Monday that its third quarter profit plunged 53% from last year, hurt by yet another downturn in advertising revenue. The McLean, Virginia-based company reported third quarter net income of $73.8 million, or 31 cents per share, compared with $158.1 million, or 69 cents per share, in the year-ago period. [...]