Sunday, July 18

Gannett Broadcast Up

The Gannett Company, the nation’s largest newspaper publisher, said on Friday that its second-quarter profit more than doubled from a year ago, helped by a rebound in broadcast revenue, a one-time tax gain and a less severe drop in print advertising. But revenue at the company, which publishes USA Today, and owns more than 80 other daily newspapers and 23 TV stations, fell more than was expected and its share price fell 11 percent.

Read more at the NY Times.