Media Industry
Industry: Email Alert RSS FeedTV stations a drag on Gannett earnings.(FAST TRACK)(Gannett Company Inc.)(Brief Article)
Broadcasting & Cable, April, 2005
Gannett Co. Inc. posted weak results for the first quarter, with the company's TV stations dragging down an already sluggish newspaper operation. Not counting the positive effects of a midyear acquisition, Gannet's station revenues dropped 5% to $164.6 million, while operating cash flow dropped 13% to $66.4 million.
Gannett blamed the problem partly on the absence of political and football advertising (six of Gannett's 20 TVs are CBS affiliates, which aired the NFL football championship last year).
Car advertising also was down in the "mid-single-digit" percentage range for the quarter for broadcasting.
Companywide revenues, including Gannett's much larger newspaper operation, increased 4% to $1.8 billion. Operating cash flow...
Brought to you by CBS MoneyWatch.com
- Best- and Worst-Paid College Degrees
- 6 Things You Should Never Do on Twitter or Facebook
- How Much Sleep Do You Really Need?
- 6 Big Myths about Gas Mileage
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
