Gannett Company, Inc.
Gannett's publishing division reported higher circulation revenue in the first quarter of 2013, but those gains were thwarted by lower advertising revenues. Gannett's broadcast and digital businesses both reported revenue gains.
The circulation revenue rise, however, kept revenue at the publishing division essentially flat -- it declined .3 percent over the first quarter of 2012. Circulation revenues grew 8.6 overall and 14.5 percent at Gannett's local properties, the earnings report says. Advertising revenue was down 4.5 percent at Gannett's publishing businesses.
Digital revenues in publishing rose 75.5 percent, "reflecting the all access content subscription model as well as growth in digital advertising and marketing solutions revenue. Digital revenues at local domestic publishing operations were 98.4 percent higher, while at USA TODAY and its associated businesses they were up 9.1 percent."
All of Gannett's newspapers except USA Today now offer metered access to their online content.