Gannett earnings drop

McLean-based Gannett Co. Inc. suffered a 22 percent decline in earnings in the second quarter on sagging circulation and print advertising. Gannett reported net income of $151.5 million compared with $195.5 million for the same period a year ago.

Gannett, whose 82 newspapers include USA Today along with television stations including WUSA-Channel 9 in Washington, said publishing revenue, including advertising and circulation, declined 4.9 percent to $977.1 million. Digital revenue rose 13 percent.

Recommended Stories

All is not well in the West

North Carolina Democratic underdog hopes a blue wave can take down House GOP campaign chief

Rick Jackson voices concern about complacency among rural Republicans