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Friday, February 03, 2012
Thursday, February 02, 2012
Jan. 30-Feb. 5 | Your News & Comments: Part 4
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Reminder: New business model meeting today
[Marymont, Martore, Dickey]
Corporate has scheduled a web conference today at 3:30 p.m. ET to talk about "journalism priorities and explain a new training program to support the many initiatives underway -- the CCI installation, Design Studio implementations, Content Evolution and the new business model rollout."
That's according to a memo from News Department Vice President Kate Marymont. Also expected to make remarks are CEO Gracia Martore and U.S. newspapers division President Bob Dickey.
Wednesday, February 01, 2012
Jan. 30-Feb. 5 | Your News & Comments: Part 3
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Tuesday, January 31, 2012
Jan. 30-Feb. 5 | Your News & Comments: Part 2
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Monday, January 30, 2012
Jan. 30-Feb. 5 | Your News & Comments: Part 1
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Here's a transcript of today's Q4 conference call
This is from the quarterly financial teleconference for media stock executives, led this morning by CEO Gracia Martore, and transcribed by Seeking Alpha. Here's the presentation. And here's the often more-illuminating question-and-answer portion.
Report: Q4 profit falls by a third, revenue down
Gannett said this morning that fourth-quarter profit fell to $116.9 million, or 49 cents a share, from $174.1 million, or 72 cents a share, in the year-ago period, according to this Marketwatch story.
The media company's adjusted profit fell to 72 cents a share, from 83 cents a share, while revenue dropped 5% to $1.39 billion. Wall Street analysts expected GCI to earn 68 cents a share on revenue of $1.39 billion, according to a survey by FactSet Research.
Investors were disappointed. GCI recently traded for $14.06, down $1.16, or 7.6%.
Overall revenue fell 5.1% during the quarter from the prior year, the worst quarterly decline throughout last year. Publishing advertising -- principally from the U.S. newspapers -- tumbled 7.1%. (Spreadsheet shows quarterly changes by division.)
"Excluding even-year political advertising, core broadcast revenues were up strongly in the 2011 fourth quarter," the company said in a statement. "We are positioning for growth in print and digital media through new subscription models delivered across platforms, capturing opportunities in adjacent businesses, and continuing to focus on operational efficiencies."
The media company's adjusted profit fell to 72 cents a share, from 83 cents a share, while revenue dropped 5% to $1.39 billion. Wall Street analysts expected GCI to earn 68 cents a share on revenue of $1.39 billion, according to a survey by FactSet Research.
Investors were disappointed. GCI recently traded for $14.06, down $1.16, or 7.6%.
Overall revenue fell 5.1% during the quarter from the prior year, the worst quarterly decline throughout last year. Publishing advertising -- principally from the U.S. newspapers -- tumbled 7.1%. (Spreadsheet shows quarterly changes by division.)
"Excluding even-year political advertising, core broadcast revenues were up strongly in the 2011 fourth quarter," the company said in a statement. "We are positioning for growth in print and digital media through new subscription models delivered across platforms, capturing opportunities in adjacent businesses, and continuing to focus on operational efficiencies."
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