Log In   |  Register Free Newsletter Subscription
Skip navigation
Zibb
Subscribe to Broadcasting & Cable
RSS
Reprints/License
Print
Email

Gannett Q2 Earnings Poor; Write-Off Looms

By Robert Marich -- Broadcasting & Cable, 7/20/2008 8:00:00 PM

Newspaper and TV-broadcasting media conglomerate Gannett posted a 36.4% decline in second-quarter profit, and the publisher of USA Today said it will take a $2.4 billion-$2.7 billion noncash after-tax write-down on the value of its newspapers.

In preliminary earnings for its 23-station TV group, revenue fell 5.9% to $193 million while operating cash flow slid 6.8% to $89.4 million in broadcasting (which is less severe than the 24.7% operating-cash-flow dive in Gannett's larger publishing segment).

RSS
Reprints/License
Print
Email
Talkback
Related Content
Also by Robert Marich

Reed Business Information Resource Center

Featured Company


Most Recent Resources

Advertisement
No content
More Content
  • Blogs
  • Photos
  • Podcasts

Sorry, no blogs are active for this topic.

VIEW ALL BLOGS RSS
Bell Blue

The Schmooze: B&C Hall of Fame Class of 2009

Members of the 2009 B&C Hall of Fame class receive their honors at the Waldorf-Astoria, Oct. 20, 2009.
ZuckerComcast

The Schmooze: 2009 B&C Hall of Fame

Photos from the 19th annual Broadcasting & Cable Hall of Fame gala at the Waldorf-Astoria in New York, Oct. 20, 2009.
News Corp. President and COO Chase Carey at the OnScreen Media Summit 2009

OnScreen Media Summit 2009

Photos from the B&C/Multichannel News day-long event on Oct. 21 at New York's Edison Ballroom. (Photos by Joshua Kristal, www.joshuakristal.com.)

mm160-osms
Advertisement
BC Subscribe
B&C NEWSLETTER
B&C Today
HD Update
Cable Technology
VOD Newsletter
Hispanic TV Update
TechTalk
HD Programming
Multicultural Newsletter
B&C NewsCentral
Television Careers



Please read our Privacy Policy

About Us   |   Advertising Info   |   Submissions   |   Site Map   |   Contact Us   |   Affiliate Links   |   RSS
© 2009 Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
Use of this Web site is subject to its Terms of Use | Privacy Policy
Please visit these other Reed Business sites