July 22 Gannett Co Inc reported higher
broadcast and digital revenue on Monday, but it could not push
total revenue higher because of declines in newspaper
The company said that total revenue was flat at $1.3 billion
for the second quarter, compared with analysts' expectations of
about $1.33 billion, according to Thomson Reuters I/B/E/S.
The publisher of USA Today and operator of TV stations said
that excluding special items, earnings per share were 58 cents,
2 cents higher than for the same quarter last year.
Gannett authorized a new share buyback program of $300
million, expected to be used over the next two years.