- Associated Press - Monday, October 17, 2011

MCLEAN, VA. (AP) - Gannett, the publisher of USA Today and 81 other daily newspapers, says its third-quarter net income declined slightly as the company kept expenses in line with a drop in revenue. The results met Wall Street’s expectations.

Gannett Co. said Monday that it earned $99.8 million, or 41 cents per share. That’s down nearly 2 percent from $101 million, or 42 cents per share, a year earlier.

Excluding special items, such as restructuring charges related to job cuts, Gannett earned 44 cents per share. That matched analysts’ expectations.

The company says its revenue fell nearly 4 percent to $1.27 billion, matching expectations from analysts polled by FactSet. It was $1.31 billion a year ago.

Gannett named Gracia Martore as CEO this month after Craig Dubow resigned for health reasons.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide