Declining Newspaper Ads Keep Total Revenue at Gannett Flat

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By: Reuters

(Reuters) – Gannett Co Inc reported higher broadcast and digital revenue on Monday, but it could not push total revenue higher because of declines in newspaper advertising.

The company said that total revenue was flat at $1.3 billion for the second quarter, compared with analysts’ expectations of about $1.33 billion, according to Thomson Reuters I/B/E/S.

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