Broadcasting & Cable
Gannett Co. announced broadcasting revenues of $184 million in the second quarter, up 20.3% from the same quarter a year ago. Revenues include Gannett’s elevator-TV service Captivate.
Broadcasting’s operating revenue was $78.4 million, a whopping 56% gain over the same quarter last year.
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“The revenue increase reflects stronger core revenues, substantially higher advertising related to political and issue spending and solid revenue growth at Captivate,” Gannett said in a statement. More…