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Gannett Company, Inc.
Craig Dubow is the CEO of Gannett Company, Inc.. Gannett Company (NYSE: GCI) is one of the largest and most influential media companies in the United States.
It is the leading U.S. newspaper publisher as measured by total daily circulation. Its assets include the national newspaper USA Today, and the weekly USA Weekend. The company also has significant broadcast television holdings, including over 20 TV stations.
Newsquest plc, a British subsidiary of Gannett, is the UK's second largest publisher of local and regional newspapers. Gannett also has operations in continental Europe and Asia.
The company was founded in 1906 by Frank Gannett as a newspaper business. It owns one-third equity in CareerBuilder, an online recuiting resource.
Gannett also holds a 25% interest in Topix.net, an automated online news aggregation service, which it acquired in March 2005. At the same time, Knight-Ridder and Tribune Company each acquired 25% of Topix.net.
Gannett had total sales of $7.38 billion in 2004. National Media Properties
Local Media Properties
Other Gannett Company, Inc. Properties
101.Inc
Captivate Network
CareerBuilder (partial ownership)
Clipper
Gannett New Service
Gannet Direct Marketing Services
Gannett Media Technologies International
Gannet Offset
Gannett Retail Advertising Group
Gannett UK Ltd (Newsquest plc)
Nursing Spectrum
Telematch
Topix.net (partial ownership)
Comments about Gannett Company, Inc.Comments to date: 7. The most recent comments are below.| |
Susan Shaeffer Springfield, MO USA | Posted at 9:01pm on Thursday, April 9th, 2009 | I am an employee of Penny Power Distribution (by the Springfield News Leader) I do not understand why there have been changes. I realize the cost of printing but, we have News Leader subscribers canceling their subscriptions daily in order to be able to receive their "free" Penny Power. Does it make sense to lose the paying customers so they can get the "free" penny power? We are losing subscribers not just because of the "economy" but they want the ads from the smaller paper in which they are no longer receiving in the News Leader.
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Eric Kallgren Boulder, Colorado USA | Posted at 3:02pm on Monday, February 2nd, 2009 | On January 30, 2009, the Wall Street Journal reported that things are bad and getting worse at Gannett:
"Gannett Co. said it will write down the value of its newspapers by as much as $5.9 billion to reflect the accelerating erosion of newspaper advertising. Excluding the impairment, its fourth-quarter earnings fell 36%.
Gannett, which publishes 85 daily U.S. newspapers including USA Today, said advertising revenue at its publishing division fell 23%. The souring ad climate that has forced Gannett and other publishers to slash jobs claimed more victims Friday when Dallas Morning News publisher A.H. Belo Corp. said it is cutting some 500 jobs, or about 14% of its work force.
[Gannett] Getty Images
The publisher of USA Today has been hit hard by the advertising slump.
Gannett reported net income for the quarter of $158 million, or 69 cents a share, down from $245.3 million, or $1.06 per share, a year earlier. Revenue fell 8.5% to $1.7 billion for the quarter and 9% to $6.8 billion for the year. The earnings include a charge for recent newspaper job cuts but not the non-cash write-down, which will wipe out the publisher's profits.
The results "reflect the unprecedented turmoil in the economies of both the U.S. and the UK and in the financial markets," Craig Dubow, Gannett's chairman, president and chief executive, said in a prepared statement. The write-down, Mr. Dubow said, stems from the global recession and won't impact the company's cash flow or its ability to pay down debt.
Gannett's publishing segment, which includes newspapers in the U.S. and the U.K., was the primary drag on performance. Revenue in the publishing division declined 19% to $1.4 billion for the quarter.
Similar declines are happening across the newspaper industry as the global economic downturn is exacerbating the effects of the long-term migration of readers and advertisers from print to the Web. Earlier this week New York Times Co. posted a 48% decline in net income for the fourth quarter as ad revenue at its newspapers fell 18%."
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GANESH CHANDRA Dehradun, India (East) | Posted at 10:26am on Thursday, December 25th, 2008 | Sir, I am the director of GCTC organization in India. I know that in present age a famous newspaper must have all total news of any country about current event/affairs. I thought that U also need to collect news updates of India country - govt. affairs, political affairs, sports affairs, bollywood, cultural and tourism news, scientific event, crime and terrorist events and lot of other notable news.
Sir these types of information my organization's team member are sending presently to other local newspaper in India (East).
So in shortly I want to say that my organization can outsource all types of news (India) to US today or U.
The outsource news details are following :
No. of News : 30 page/per night
=900 pages/month
Cost of News : 300 dolors per month only
News subjects : Decided by you sir.
Note: 1 weak free trial my organization provides U.
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Sir if u r interested in this program please mail me your response at = ganesh_gctc@rediffmail.com
Where is the hope there is the way!
!!!!! HAPPY X-MAS !!!!!
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lana chapman tucson | Posted at 11:45pm on Monday, June 9th, 2008 | you have a pathetic excuse for newspappers in our community. With out a oubt a 3-4 pag spread is done regarding the plight of illegal aliens. Your op ed editors are so biased towards the illegals, they leave very little room to do any real reporting. you know like really newsworthy events that we don't know about? We're sick of your one sided newspapers. hopefully many will boycott your organization and refuse to buy or read the drivel these idiots you employ. We care about the plight of real US citizens whether they are US born or naturalized. Why don't they report on how to send the socio etnic hate mongers to Mexico to fix the problem there. Do we ever hear about that,never ! Get with it and replace these idiots that run stupid absurd stories. They show 3-4 pages about dead horses, OMG. We have far too many real issues besides the poor illegal not being able to drain our resources any longer. Ther's nothing fair or balanced about your papers. And when they're called on it, they spout useless excuses to cover their butts. Sincerely hope your publications here totally lose as much biz as possible.
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Bonnie Myers Lousiville Mississippi | Posted at 7:59pm on Sunday, December 16th, 2007 | Excluding Dennis Kucinich from the Des Moines Register's debate was undemocratic, manipulative, and of course wrong. I look forward to the day when the majority of Americans realize what is happening and how the corporate media is doing everything it can to call the shots. I can't wait for the day when the majority reject you and you will be shamed into acting right.
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Henry R. Flatt Buckley, Wash. | Posted at 4:50pm on Thursday, November 22nd, 2007 | To who it may consern.
Sense Michael Savage is off the prime time
when I want to hear him, your radio talk show is now off my listening station. You don't cover my most important issues. The falacy of this North American Union, NAFTA, FTAA, And this phony United (worthless) Nations which is a tax payers gross waste of money.
You will be delighted to know that I and every one on my guest list are informed.
ktth is off our list.
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Barbara McDowell Sun City West, AZ | Posted at 10:11pm on Tuesday, August 21st, 2007 | Thought when we left the midwest we would see a different newspaper. Now we find that Gannett owns newspapers across the country. So many...how can we possibly believe the news when Gannett owns just about every one of them? Your news conglomerate can wield a lot of power and that is one bad situation.
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