Gannett’s Expansion Strategy Runs into Bad News on the Advertising Front

Posted Thursday, July 28, 2016 7:56 am

Rick Edmonds | Poynter

Gannett today reported $21.7 million in second-quarter revenue growth driven by the addition of the 15 papers acquired when it bought Journal Media Group.

Its earnings release alluded to continued weak advertising but provided no numbers. Questions from analysts in a subsequent conference call drew out these particulars from Chairman and CEO Bob Dickey.

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Gannett’s Expansion Strategy Runs into Bad News on the Advertising Front

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