Gannett 3Q Results: Revenues Down, But Better Than Expected

Gannett Co., the publisher of USA TODAY, announced its third quarter results this morning and, as promised, they beat analysts’ projections.

However, the company did post a 18.4 percent decrease in net operating revenues compared to the same period last year, and earnings per share were down 55.1 percent. Operating expenses also decreased, revealing a more efficient business. (Did all those layoffs over the summer help contribute to that?)

Gannet CEO Craig Dubow, who just came back to work last week after back surgery, emphasized the positives:

“We finished the quarter on a stronger note with better than anticipated results due primarily to better trends in advertising and great efficiencies across all of our business segments.

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