Gannett Posts Revenue Decline but Tops 1 Million Digital Subscriptions in Third Quarter

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Nearly a year after completing a major media merger, USA TODAY owner Gannett is betting on paid digital subscriptions to deliver revenue growth while using cost cuts to offset its declining print business and the effects of the coronavirus pandemic.

The company, which owns more than 260 daily publications and hundreds of weeklies, reported a net loss of $31.3 million in the third quarter, compared with an $18.5 million loss in the same period a year earlier.

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