Gannett Q3 Revenue Falls on Newspaper Weakness

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By: Jennifer Saba | Reuters

n”>Oct 21 (Reuters) – Gannett Co Inc, the largest U.S. newspaper chain, reported a 4 percent drop in third-quarter revenue on Monday because of a decline in advertising sales, mainly at its papers.

Publishing revenue fell to $858.1 million on a 6 percent slide in advertising revenue. Circulation revenue dipped 0.6 percent. Gannett, whose properties include USA Today, started charging for digital content a year ago at its U.S. newspapers.

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