Archive: Gannett

Gannett Profit Falls 60 Percent

Gannett's first-quarter profit fell almost 60 percent, to $77.7 million from $191.8 million in the first quarter of 2008. Revenue fell about 18 percent, to $1.38 billion, hurt by a 34 percent drop in publishing advertising as the U.S. and British economies struggle. But digital revenue grew, as the McLean...

By Terri Rupar | April 16, 2009; 12:38 PM ET | Comments (1)

Gannett Chief Says In Memo He Will Take Pay Cut

Another one takes the cut. Craig Dubow, chairman and chief executive of McLean-based Gannett, said in an internal memo on Monday evening that he is voluntarily taking a 17 percent salary reduction of $200,000 starting this month and continuing in 2009. That would put him on track for a salary...

By Alejandro Lazo | November 4, 2008; 01:04 PM ET | Comments (0)

Gannett Acquires Majority Stake In Careerbuilder

From the Associated Press: McLean media giant Gannett Co. said Wednesday that it bought a 10 percent interest in CareerBuilder from Tribune Co. for $135 million, giving it a majority stake in the employment Web site. The deal bumps Gannett's interest in CareerBuilder up to 50.8 percent. Tribune now owns...

By Dan Beyers | September 3, 2008; 09:57 AM ET | Comments (0)

Gannett Earnings Slip 10.5 Percent in Latest Quarter

From the Associated Press Gannett, the largest newspaper publisher in the country and owner of USA Today, said today that third-quarter earnings fell 10.5 percent, fueled in part by slumping real-estate ads and a tough comparison to year-ago results boosted by heavy political advertising. Net income dropped to $234 million...

By Mike Shepard | October 17, 2007; 12:40 PM ET | Comments (0)

Gannett CEO To Employees: Relax

Those darned bloggers and all the trouble they cause! McLean's Gannett Co., the nation's biggest newspaper chain, caused a stir in the blogosphere when it dropped this little gem into an Securities and Exchange Commission filing on Wednesday, in a section about overhauling employee compensation plans: "The plans and agreements...

By Dan Beyers | August 10, 2007; 03:14 PM ET | Comments (0)

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