|
82%
agree
141 votes
|
Gannett remains at the top of the industry in terms of circulation, but not profitablility. |
|
72%
agree
22 votes
|
Trying to hedge risk of rising paper prices |
|
73%
agree
15 votes
|
Investing in websites is no cure for collapse |
|
80%
agree
80 votes
|
Greedy Management |
|
60%
agree
56 votes
|
Newspaper publishers have seen the enemy, and it's name is the internet. |
|
84%
agree
13 votes
|
Dependent on local economic conditions |
May 23, 2013
Gannett (NYSE:GCI) is a media company that publishes USA Today, the nation's largest newspaper by circulation, along with 85 other daily newspapers in the U.S.[1] Additionally, GCI publishes 17 daily newspapers internationally as well as more than 200 weekly newspapers in the United Kingdom, which together account for 84% of GCI's revenue.[2] Apart from publishing, Gannett also earns revenue through its digital and broadcasting segments.[1]
Gannett's circulation numbers and attendant advertising revenues have been declining - a trend shared by many of the company's competitors, who are losing advertising dollars to the internet and other media. This spells doom for Gannett's publications as 73% of GCI's publishing revenues are earned through advertising sales.[3] In an effort to offset these struggles with the print paper, Gannett is turning its focus to emphasizing other mediums (such as online and mobile) while de-emphasizing the print paper.[4]
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