Thursday, April 15, 2010

Earnings Preview: Ad slump looms over Gannett's 1Q

Gannett Co., the largest U.S. newspaper publisher, is scheduled to report its first-quarter earnings before the stock market opens Friday.

WHAT TO WATCH FOR: Just how much longer will the newspaper industry's three-year streak of crumbling revenue last?

It didn't end during the first three months of the year for Gannett, which owns USA Today and more than 80 smaller dailies. The company's management told investors last month that its publishing division's first-quarter ad revenue -- newspapers' main source of income -- would be down in the high single digits.


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