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Excluding some one-time gains that came from the sale of several newspapers, Gannett earnings fell as a worsening slump in an already challenging advertising market hits the industry.
The owner of USA Today posted net earnings of $365.7 million, compared with $310.5 million in the same period a year ago, writes The New York Times. Revenue fell 3.4 percent.
Without the $7.38 million from the sale and income from discontinued operations, Gannett earned $289.9 million from continuing operations in the quarter. That’s down 4.8 percent from the same quarter last year.
A slowdown in real estate in several markets was partly to blame for the loss.
Gannett’s U.S. newspapers declined 7.7 percent, while U.K. papers fell 2.5 percent, for an overall decline in newspaper advertising revenue of 5.3 percent.
Hyper-conservative Rush Limbaugh - heard weekly by nearly 20 million listeners on about 600 radio stations nationwide - renewed his contract with Premiere Radio Networks and Clear Channel Radio, continuing syndication of The Rush Limbaugh Show.
The deal also includes…
WSJ.com’s traffic soared an impressive 94 percent in June compared to the same month last year, according to the company’s internal traffic numbers.
Total page views ballooned 45 percent, to 150 million, compared to the same month last year, writes Mediaweek.…
Kozy Shack, maker of rice and chocolate pudding, is sponsoring the New York Mets, with tubs of the pudding being sold individually at Shea Stadium as well as being included in children’s meals. And the snacks are selling so well…
Though U.K. advertiser investment committed for 2008 is staying put, discretionary spending is becoming shorter-term, at or slightly short of budget; still, WPP’s GroupM forecasts 4 percent growth in 2008 and 3 percent in 2009 for the U.K., thanks to internet…
Email is the most popular form of direct response marketing, with 35 percent of companies using it - compared to 25 percent that use traditional direct mail - according to a new survey conducted by Direct Partners (via Adweek).
The survey…
Without spam protection, the average web user can expect to get 70 spam messages each day, according to a survey by McAfee, the BBC reports (via MarketingVOX).
For the McAfee spam test, 50 people worldwide were asked to web-surf without a spam…
