Gannett slashes expenses enough to stay profitable

Associated Press | Gannett
In the last three months of the year, Gannett earned $133.6 million, compared with a loss of $4.7 billion in the same quarter of 2008, when it booked charges to account for the falling value of its newspapers. Advertising sales in Gannett’s publishing division dropped 17.9% in the latest quarter compared with the year-ago period. || Read Gannett’s release.

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