Gannett's Q2 Income Rises 2.3% on Lower Costs as Revenue Falls

Gannett (GCI), the new media company that was spun off from TEGNA (TGNA) last month, said Wednesday its second quarter net income rose 2.3% from a year ago to $53.3 million after it cut operating expenses.   Revenue was down 8.7% to $727.1 million as advertising sales and circulation revenue fell. About $178 million of total revenue came from digital products and services, the company said. Diluted earnings per share totaled 46 cents.