Gannett: Readership, Revenue ‘Bouncing Back’

By: Jennifer Saba

The Gannett Co. said readership and revenue are starting to “bounce back” at its U.S. Community Publishing Group during the UBS Global Media and Communications Conference today in New York.

During the presentation, Bob Dickey, president of U.S. Community Publishing said “trends over the past few months suggest we are emerging from a cyclical downturn.”

Like McClatchy said on Tuesday during the same conference, Gannett expects that cost cutting instituted this year will position its newspapers to see advantages of “any economic improvements at the local level,” Dickey said.

However, Gannett indicated that next year the company anticipates costs will be down in the mid-single digits and that headcount will decline in the high-single digits due to “carryover” actions taken this year.

Gannett CEO Craig Dubow said, “Many of the changes we made throughout the year were necessary in this economic environment but they also represent necessary permanent changes. Today, we stand as a stronger and better-positioned company.”

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