The Week: City News - Gannett's profits are halved

Gannett, the US's largest newspaper publisher, saw profits drop by more than 50 per cent in the third quarter of 2009.

Newsquest, the group's British arm, saw advertising fall by 28.7 per cent year on year, with classified ads recording the sharpest drop (down 34.7 per cent). Gannett made pre-tax profits of $73.8 million, down 53 per cent on last year's figure.

Topics

Become a member of Campaign from just £46 a quarter

Get the very latest news and insight from Campaign with unrestricted access to campaignlive.co.uk ,plus get exclusive discounts to Campaign events

Become a member

Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an Alert Now

Partner content