Earnings: Gannett’s Profits Down; Online Revs For Year Touch $300 Mil

Gannett, the nation’s largest newspaper publisher, reported a 9 percent drop in Q4 earnings, due to expenses from its swap of newspapers in Detroit and the absence of election-year advertising. It had earnings of $343 million, compared to earnings of $378 million in the year-ago quarter. Quarterly revenue increased 6 percent, to $2.05 billion from $1.94 billion a year ago.

Not much on online revenues in the earnings release, but some color in the earnings call. Some points from the call transcript on Mediastockblog:

– Its online revenues for the total company, including PointRoll, was more than $300 million for the year. That’s an increase of 49% for the year and 59% for the quarter.

– At Careerbuilder, Q4 revenues grew 67% compared to the same quarter last year.

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