Subscribe
Business

Business briefs

By Examiner Staff Writer
Published
Add Washington Examiner on Google

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.

Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.

Full midterm coverage.Deeper analysis.

Get unlimited access to Washington Examiner's reporting, expert analysis, and coverage of the midterm elections.

Get Unlimited Access

Cancel anytime.