Articles about "Gannett"


Screenshot _cars.com

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. Belo, as well as Graham Holdings, which used to own The Washington Post. All have stakes in Classified Ventures. The consortium is looking for "as much as $3 billion" for Cars.com, The Wall Street Journal reported earlier this month.
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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. Washington Post executive Stephen Hills was also elected to a spot on the board. In a neat bit of symmetry, Hills yesterday spoke with Financial Times reporter Emily Steel about the Post's new partnership program with other publishers, which gives subscribers to other newspapers access to the Post's website and app.

New Post owner Jeff Bezos "is asking the question of: ‘What can you do to have a great digital audience 10 years, 20 years from now?’” Hills told Steel. “Under previous ownership, the very reasonable question we were asking was: ‘How do we make money in the next two to three years?’"
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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 … 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. Expenses at Gannett's publishing businesses dropped about 5 percent, "due primarily to continued efficiency efforts," the company said. (more...)
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Finance and markets headline

For newspaper stocks, 2013 was a surprisingly good year

Despite yet another year of falling revenues, publicly traded newspaper companies saw their share prices rise sharply during 2013.

Yes, the overall market was strong — with the S&P index up 29.5 percent and the Dow Jones up 26.5 percent.… Read more

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FCC approves Gannett-Belo deal

Gannett
The FCC has approved Gannett's purchase of Belo, Gannett announced Friday. The companies expect the deal to close next week, "upon completion of remaining customary closing conditions." (more...)
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USA Today plans to deploy reporters out yonder

Politico USA Today is expanding its coverage in places like Miami, Chicago, Boston and Las Vegas, according to Politico's Hadas Gold. Citing a memo from Editor-in-Chief David Callaway, Gold said the reporters will focus on breaking news and enterprise stories. (more...)
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DOJ agreement should clear way for Gannett-Belo deal, companies say

Gannett | Department of Justice | The New York Times
Gannett Co. and Belo Corp. announced Monday that they have reached an agreement with the Department of Justice that should clear the way for Gannett to purchase Belo as announced in June.

The $1.5 billion sale and assumption of $715 million in Belo debt would expand Gannett's TV holdings from 23 to 43 stations, the media companies said last summer.

The proposed agreement emerged at the same time as the filing of a civil antitrust lawsuit Monday in the District of Columbia's U.S. District Court to block Gannett's acquisition of Belo. The agreement -- which would resolve the concerns alleged in the lawsuit -- would require Gannett and third-party operator Sander Media LLC to divest themselves of Belo-owned KMOV-TV. Gannett already owns KSDK-TV in the St. Louis market. (more...)
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More Gannett papers to get USA Today insert

USA Today | Gannett
Thirty-one more Gannett newspapers will see USA Today condensed editions in their pages beginning next month, the company announced today.

The company launched its "Butterfly" initiative in October, adding the USA Today inserts to the Indianapolis Star, Rochester Democrat & Chronicle, The News-Press (Fort Myers, Fla.) and The Post-Crescent (Appleton, Wisc.), USA Today reported. (more...)
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Cincinnati TV station plans paywall on its website

NetNewsCheck WCPO will introduce a paywall for much of its website content early next year, NetNewsCheck reports.
Over the past year, the ABC affiliate’s site has added more than 30 editorial staffers to its digital reporting team, including eight veteran reporters covering local crime and justice, politics, business, education and the arts.
Paywalls are increasingly common for newspaper sites -- 41 percent of U.S. dailies will have them after Digital First Media puts its paywalls in place, Ken Doctor wrote recently -- but they're an elusive species among TV stations, which could arguably benefit from competitors putting their content behind a gate. The Cincinnati Enquirer, like all Gannett-owned papers, has a metered paywall. The E.W. Scripps Co., which owns WCPO, announced at the end of 2012 it would install paywalls for all of its newspaper sites. You can see the stories WCPO considers premium content on its site now: They're marked with a "9" logo.
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