Gannett’s Digital Revenues Still Rising; UK Decline Drags Print Down

paidContent reporting:
Gannett’s ability to reach and retain profitability over the past year rested on two main things: the growth of digital revenues and its dedication to holding down expenses. While the McLean, Va.-based media company was able to hold the line on costs in general, and digital revenues were still up by double digits, it wasn’t enough to offset a decline in ad spending that ate into Gannett’s profits and total revenues, both of which declined in Q1.

Digital: Revenues were up 12.1 percent to $156.7 million. Costs were up a bit to 3.1 percent. While digital has generally tended to provide the most positive news for the company, jobs site Careerbuilder was often a laggard. But not for the last few quarters. Careerbuilder has gotten stronger along with the other major Gannett (NYSE: GCI) digital property, rich media provider PointRoll.
http://paidcontent.co.uk/article/419-gannetts-digital-revenues-still-rising-but-so-are-the-digital-costs