View Post TV Biz Q4 Earnings: Gannett Broadcasting Revenues Dip 16% By Merrill Knox on Feb. 4, 2014 - 10:11 AM Gannett Co. reported broadcasting segment revenues of $228.2 million for the fourth quarter of 2013, a 15.7% drop from the year-ago quarter. The decline was primarily due to a drop in political ad revenue in the non-election year, ...
View Post TVBiz Will Gannett Split Print, TV Assets? By Merrill Knox on Jan. 24, 2014 - 2:38 PM Bloomberg speculates on the possibility that Gannett Co., which recently acquired Belo, will split its print and television assets: Gannett is one of the last holdouts in an industry that’s forsaking the traditional newspaper-TV ...
View Post TVBiz Gannett Completes Belo Acquisition By Merrill Knox on Dec. 23, 2013 - 12:35 PM The Gannett-Belo merger is complete: Gannett Co. has officially acquired Belo Corp. for $13.75 per share in cash, plus $715 million of outstanding debt, for a total of $2.2 billion. “We are thrilled to combine these two stor ...
View Post ShopTalk | TVBiz Meredith Acquires KMOV, KTVK and KASW From Gannett By Merrill Knox on Dec. 23, 2013 - 10:22 AM Meredith Corporation will buy three stations in two markets — KMOV in St. Louis and KTVK–KASW in Phoenix — from Gannett Co. for $407.5 million in cash. News of the sale comes just a week after the Department of J ...
View Post ShopTalk Gannett Broadcasting President Wins RTDNF First Amendment Award By Merrill Knox on Nov. 13, 2013 - 2:41 PM Dave Lougee, the president of Gannett Broadcasting, is the 2014 winner of the RTDNF’s First Amendment Leadership Award. Lougee joined Gannett in 2007 from Belo Corporation, where he was the executive vice president of media ...
View Post TV Biz Q3 Earnings: Gannett Broadcast Revenue Falls 14% By Merrill Knox on Oct. 21, 2013 - 10:05 AM Gannett Co. reported $203.4 million in broadcast segment revenues for the third quarter of 2013, a 14.2% decline from the year-ago quarter. The decrease “reflects the absence of Olympic and political spending partially offse ...
View Post Social Media | TV Biz Gannett Sets New Social Media Policy By Merrill Knox on Sep. 10, 2013 - 2:47 PM Starting today, employees at Gannett stations have a new social media policy to adhere to. In the lengthy memo from Gannett CEO Gracia Martore, which you can read in full on Jim Romenesko’s site, the company notes that socia ...
View Post TV Biz Q2 Earnings: Gannett Television Revenues Rise 3.6% By Merrill Knox on Jul. 22, 2013 - 11:51 AM Gannett Co. reported $204.8 million in television revenues during the second quarter of 2013, an increase of 3.6% on the year-ago quarter. Retransmission revenues rose 62.3%, while core advertising revenues were up 1.5%. Operating ...
View Post TVBiz Gannett Acquires Belo for $1.5B; Entity Will Own 43 Stations By Chris Ariens on Jun. 13, 2013 - 9:02 AM Gannett is acquiring Belo Corp. for approximately $1.5 billion. With Gannett’s assumption of $715 million in existing Belo debt, the deal rounds out to being worth nearly $2.2 billion. The boards of both companies approved t ...
View Post TV Biz Gannett Q1 Television Revenue Up 8.5% By Merrill Knox on Apr. 23, 2013 - 9:59 AM Gannett Communications’ television revenues totaled $185.5 million for the first quarter of 2013, an increase of 8.5% on the year-ago quarter. The retransmission revenue at Gannett’s 23 stations increased 58.7% and cor ...