- U.S. drone faulted for killing 14 ‘innocent civilians’ at Yemen wedding
- GOP hopes taking shutdown off the table with budget deal will pay dividends
- Chinese Death Star: The moon cited as the perfect launch pad for ballistic missiles
- Help wanted: Homeland Security plagued by vacancies at the top
- We are not amused: Queen’s protection officers warned to keep ‘sticky fingers’ off the royal cashews
- Unleash the crossbows: Gov. Scott Walker creates new hunting season
- Bubonic plague kills 20 in Madagascar
- G-20 diplomats fell for hacker attack promising nude photos of former French first lady Carla Bruni
- Minnesota guardsman charged with stealing private soldier data for fake IDs
- Florida appeals court rules universities can’t regulate guns
Gannett reports higher 3Q earnings, revenue
The media company said it earned $133.1 million, or 56 cents per share in the July-September period, up 33 percent from $99.8 million, or 41 cents per share, a year earlier.
Revenue grew 3 percent to $1.31 billion from $1.27 billion.
Analysts, on average, were expecting earnings of 53 cents per share, on revenue of $1.29 billion, according to a poll by FactSet.
The company’s newspaper publishing revenue dropped 3 percent to $890.2 million from $917.8 million. Gannett attributed the decline to “soft advertising demand” resulting from the slow economic recovery. Advertising revenue at the newspapers fell nearly 7 percent to $552.7 million from $591.7 million.
The company, however, saw its first increase in newspaper circulation revenue since 2007, helped by digital subscription growth.
Revenue in Gannett’s broadcasting unit grew 36 percent to $237 million from $174.3 million last year, thanks to what Gannett called “substantial” ad spending during the Summer Olympics. Political spending was “slightly higher” than a year ago, the company said.
Gannett’s stock slid 17 cents to $17.73 in midday trading on Monday. It has climbed $2.66, or nearly 18 percent in the last six months.
By Mangosuthu Buthelezi
Memories of a long brotherhood tempered in common struggle
- House votes for bargain to end budget drama
- Obama's Afghanistan experts stumped on U.S. death toll, war costs during hearing
- NAPOLITANO: A conspiracy so vast
- Inside China: Ukraine gets nuke umbrella
- Echoes of Cold War in Ukraine as Russia battles Western influence
- Somber duty: U.S. presidents in hot demand at Mandela's memorial
- Obama takes 'selfie' at Mandela's funeral service
- North Korean dictator stuns world with uncle's execution
- 80 people publicly executed across North Korea for films, Bibles
- Atheists smug as Hindus join Satanists to demand display at Oklahoma Statehouse
Independent voices from the The Washington Times Communities
Consummate traveler Todd DeFeo explores the unique stories that make destinations worth going to.
Covering the world of soccer, including the World Cup, Major League Soccer, D.C. United and the English Premier League and other interesting sporting events.
Born in 1930 in rural Missouri, Charles Vandegriffe, Sr., brings his time and place to the Communities.
Columns from Voices around the World talking about the events, people, politics and social issues that concern us wherever, and whoever, we are.
Extraordinary day at Redskins Park
White House pets gone wild!
Let it snow