By: (AP) Gannett Co., the nation's largest newspaper publisher and owner of several television stations, said Thursday that revenue fell 2.1% during November compared to last year, as lower advertising demand in its broadcasting group and British newspapers hurt results.
At USA Today, ad revenue dropped 7.7%, as the number of paid ad pages fell to 345 from 412.
Gannett said November revenue fell to $656.6 million from $670.9 million on a pro forma basis, which assumes that all properties the company owned were owned in both periods.
The publisher of USA Today, the largest U.S. newspaper, said newspaper ad revenue in November declined 3.3% from 2004.
Local ad revenue fell 2.7%, classified ad revenue fell 1.8% and national ad revenue fell 8.3% on a pro forma basis, the company said.
The company said broadcasting revenue dropped 3.2% during the month.
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