Gannett Q309 earnings call – we were there
19 Oct 2009
Gannett Co. publishing advertising revenue for the third quarter of 2009 declined year over year more than 28 percent. Not surprisingly, the biggest ad decline was in classified advertising, down just under 37 percent. Retail dropped 22 percent, national 25 percent. Automotive advertising declined 35 percent, employment ads were down 55.5 percent and real estate dropped 36.8 percent.