Equity Research on Gannett Co. Inc. and The New York Times Company - Newspapers Still Struggling but Beating Expectations
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Advertising revenues continue to shrink in the newspapers industry, creating a headwind for players such as Gannett Co. Inc. and The New York Times Company. Recently released quarterly reports showed that Gannett saw its publishing advertising revenue decline by 8.4 percent year-over-year, while the New York Time company experienced an 8.1 percent drop in total advertising revenue. Get your free reports on and at . There is no commitment to join.
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Newspapers are now also grappling with falling print circulation as an increasing number of people opt for free online news sources.
Despite these considerable headwinds industry player have been working hard to secure profits by expanding revenue sources and control costs. The New York Times Company has been successfully growing its number of paid digital subscribers for The Times, the International Herald Tribune and for BostonGlobe.com. In fact, in the first quarter the company saw its circulation revenue climb 9.7 percent, driven primarily by digital subscription initiatives. report is accessible for free by registering today at .
Both The New York Times Company and Gannett Co. Inc. exceeded analysts' expectations with first quarter earnings of 8 cents per share and 34 cents per share respectively. report is accessible for free by registering today at .
The two stocks research reports are available for free by signing up now on .
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