Articles about "Gannett"


Gannett

If Gannett is a bellwether, 2014 will be another tough year for newspaper advertising

the sign for Gannett headquarters is displayed in McLean, Va. (AP Photo/Jacquelyn Martin, file)

Since the Newspaper Association of America stopped reporting quarterly revenue results last year, I have looked at Gannett’s numbers as a reasonable proxy for the industry. Here are three takeaways from yesterday’s second quarter earnings report and conference call with analysts.

  • National advertising was terrible in the second quarter (down 16.3 percent compared to the same period in 2013) for Gannett’s publishing division. Despite a small gain in digital advertising and marketing services, overall advertising was down 6 percent.CEO Gracia Martore told analysts she had heard of similar weak national results from friends in the industry, as have I.  One explanation, on top of the stop-and-go economic recovery — the World Cup was an attractive advertising opportunity for big companies, and they pulled from print budgets to go heavy in social media.
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Earns Gannett

Circulation revenue rises at Gannett’s local papers

Good morning. Here are 10 (OK, perhaps slightly more than 10) media stories.

  1. Gannett had a good second quarter: Broadcast revenue was “almost 88 percent higher in the quarter compared to the second quarter last year.” Publishing advertising revenue fell about 5 percent; circulation was roughly flat, and “At local domestic publishing sites, home delivery circulation revenue was up in the quarter due, in part, to strategic pricing actions associated with enhanced content.” (Gannett)
  2. Washington Post fights the “wonk wars”: The Washington Post’s new “Storyline” project is “dedicated to the power of stories to help us understand complicated, critical things,” Editor Jim Tankersley writes. (The Washington Post) | Michael Calderone takes a look: “It’s unlikely The Post would’ve launched a project like Storyline a few years ago.” (HuffPost) | Tankersley writes that as a college student he was inspired by Richard Read‘s 1998 series about french fries: “Those stories brought the crisis home in a way no textbook or straight news piece could, because at each step, they showed how global trends touched people’s lives and livelihoods.” (The Oregonian)
  3. Why corrupt politicians should avoid Vermont: Vermont has the best-covered legislature in the country, and California has the worst, Pew finds.
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Mobile trends to watch in second half of 2014; plus, a newsgathering guide to Tweetdeck

Here’s our roundup of the top digital and social media stories you should know about (and from Andrew Beaujon, 10 media stories to start your day, and from Kristen Hare, a world roundup):

— At Poynter, Adam Hochberg explores in depth Gannett’s three-year CMS overhaul to “replace the existing systems and serve every Gannett newsroom – from USA Today to KHOU-TV in Houston to the Fort Collins Coloradoan.”

Frédéric Filloux runs down three mobile trends to watch for the rest of 2014, including questions about what news sites should do about the market of Android users — which is bigger than the iOS market but less lucrative.

Joanna Geary, Twitter UK’s head of news, visited the Wall Street Journal in June to share tips on how to use Tweetdeck to gather news.… Read more

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Case Study: Gannett’s monumental task — A content management system for all

(This case study, the fifth in an occasional series, was underwritten by a grant from the Stibo-Foundation.) Note: CCI Europe is a subsidiary of Stibo, whose foundation made a grant for this series. The funder had no editorial input on the study.

In 2011, Gannett Co. owned more than a hundred newspapers and television stations – each with its own website. To publish its online material, the company was supporting about a half dozen content management systems.

Journalists in most of the company’s broadcast newsrooms wrote and published their digital stories through a homegrown CMS called Newsmaker, while almost all of Gannett’s newspaper websites were powered with Saxotech. But the Arizona Republic had its own system known as Enigma, and the Des Moines Register posted some of its content through WordPress.… Read more

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Gannett will buy 6 more TV stations

Gannett | USA Today

Gannett has agreed to buy six television stations in Texas from London Broadcasting Company for $215 million in cash, the company announced Wednesday. The stations, from Gannett’s press release: “KCEN (NBC) in Waco-Temple-Bryan, KYTX (CBS) in Tyler-Longview, KIII (ABC) in Corpus Christi, KBMT (ABC) and its digital sub-channel KJAC (NBC) in Beaumont-Port Arthur, KXVA (FOX) in Abilene-Sweetwater and KIDY (FOX) in San Angelo.”

In a statement, Gannett CEO Gracia Martore said, “With more than 70% of London Broadcasting’s advertising revenues driven by local advertisers, this acquisition will provide us access to attractive new markets in which we believe our local digital marketing services group, G/O Digital, will thrive.”

Gannett purchased Belo’s television stations last year, adding 20 stations to its broadcast group.… Read more

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Gannett’s broadcast revenue soars, circulation revenue slips

Gannett | USA Today

Revenue from broadcasting in Gannett’s first quarter just about doubled over the same period a year earlier, the company announced in an earnings report Wednesday. Gannett attributed the 99.5 percent rise in broadcast revenue to its acquisition of Belo, as well as Winter Olympics, political advertising and retransmission revenue.

On a pro-forma basis (making comparisons as if Gannett had acquired Belo’s stations at the beginning of last year), retransmission revenue was up 66 percent over the first quarter of 2013.

Revenue at Gannett’s publishing properties was down 3.3 percent overall for the quarter. Advertising revenue was down about 5 percent worldwide and about 6 percent in the U.S., and circulation revenue fell by 1.4 percent, which the company attributes in part to “lower circulation revenue at local domestic publishing operations.”

Looking at the company’s fourth-quarter results earlier this year, Poynter’s Rick Edmonds wrote that squishy circulation figures raised “the concern that capturing revenue from new digital subscribers and pairing ‘all access’ print/digital bundles with a big price increase could be a one-time revenue event.”

In a statement accompanying the release, President and CEO Gracia Martore said USA Today’s “butterfly edition” in local papers “continues to gain significant traction with subscribers.” In a conference call with analysts for fourth-quarter results, Edmonds reported, Martore said the expanded USA Today offering “could provide the rationale for another round of price increases” later this year.… Read more

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Classified Ventures’ assets could be worth more than all Tribune’s papers

Crain’s Chicago Business

The sale of Apartments.com and the planned sale of Cars.com “shows how upside-down the media business has become,” Lynne Marek writes about a conversation with the investment banker Chuck DelGrande.

“The joint venture’s assets could be worth more than the value of all eight newspapers owned by Tribune,” Marek writes. “The highest price floated for Tribune’s newspaper group, which Tribune plans to spin off as Tribune Publishing Co. later this year, topped out at about $1 billion when it was on the sales block last year.”

Tribune’s 28 percent stake in Classified Ventures is worth about $700 million, William Launder reported in The Wall Street Journal last year. Apartments.com sold for $585 million earlier this month, and some of that cash went to newspaper companies like McClatchy, Gannett and A.H.… Read more

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NAA’s new chairman says newspaper biz should have collaborated sooner

NetNewsCheck | NAA | Financial Times

At the Newspaper Association of America’s mediaXchange conference Tuesday, Robert Dickey, the president of Gannett’s U.S. Community Publishing division, said U.S. papers should have collaborated more before the meteor hit:

As they looked forward, the publishers also took a step back when asked what advice they would’ve offered to their predecessors in the industry 15 years ago.

“At the time when we had the cash flow, we should have been much more aggressive about a product development mentality around digital,” Dickey says, noting he would’ve begged for more collaboration across the industry.

“If you look at what we’re competing against, had the industry gotten together those ideas should’ve been ours,” he says.

NAA announced Monday that Dickey had been elected its chairman.… Read more

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In this July 14, 2010 file photo, the sign for Gannett headquarters is displayed in McLean, Va. Gannett said Thursday, June 13, 2013, it reached a deal to buy TV station owner Belo for about $1.5 billion in cash, significantly boosting its presence in broadcasting. (AP Photo/Jacquelyn Martin, file)

Gannett earnings report hints at a coming problem with paywalls

By virtue of tough expense control and the acquisition of Belo Corp. TV stations, Gannett reported decent fourth quarter and full-year financial results yesterday. Its share price was off .06 percent for the day.

But the report included some dicey details for the company’s newspaper operations, suggesting challenges ahead for Gannett and the industry in 2014.

Circulation revenues were up for the year (1.1 percent) but down for the fourth quarter (-1.6 percent) compared to the same period in 2012. CEO Gracia Martore explained in a conference call to analysts that the company has now “cycled through” the lucrative introduction of paywalls together with bundled print + digital subscriptions at its 80 community newspapers.

This raises the concern that capturing revenue from new digital subscribers and pairing “all access” print/digital bundles with a big price increase could be a one-time revenue event.… Read more

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Circulation, digital revenues up slightly in Gannett’s year-end earnings report

Gannett

Circulation revenue from Gannett’s publishing properties rose slightly in 2013, a bright spot in the country’s fourth-quarter and year-end earnings report. Operating revenues fell 3.6 percent over all at Gannett in 2013. That decline reflected a 6.7 percent drop in publishing advertising over 2012 and a 7.8 percent drop in broadcast revenue. Circulation revenue at the publishing properties was up 1.1 percent over the previous year, and Gannett’s digital businesses were up 4.1 percent.

The company’s broadcast properties benefitted from retransmission fees, which were up 31.5 percent over the fourth quarter of 2012, but that revenue didn’t offset the drop in money from political advertising from 2012.

In the publishing division, Gannett said advertising revenue was down 10 percent in the fourth quarter over the same period in 2012, and circulation revenue was down nearly 8 percent over the same period.… Read more

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