Across the newspaper industry, The New York Times says in a new story, online revenue fell 2.4% in the second quarter from a year before -- a period when Gannett's digital revenue rose 5%, according to the company's most recent quarterly filing.
The paper says the industry-wide decline was the only year-over-year drop since the Newspaper Association of America trade group began measuring online revenue in 2003. And the fall came even as overall online advertising grows. "Display advertising, the graphics-rich ads that newspaper sites carry, grew 7.6% in the second quarter," the NYT says, citing TNS Media Intelligence data.
(Something I just discovered, as a result of trolling through GCI's second-quarter filing with the U.S. Securities and Exchange Commission: Gannett has resumed reporting online revenue trends after omitting them at one point.)
Earlier: Third-quarter earnings to be disclosed Oct. 24
What do you hear about online revenue growth trends at your worksite? Please post your replies in the comments section, below. To e-mail confidentially, write gannettblog[at]gmail[dot-com]; see Tipsters Anonymous Policy in the green sidebar, upper right.
Monday, October 13, 2008
2 comments:
Jim says: "Proceed with caution; this is a free-for-all comment zone. I try to correct or clarify incorrect information. But I can't catch everything. Please keep your posts focused on Gannett and media-related subjects. Note that I occasionally review comments in advance, to reject inappropriate ones. And I ignore hostile posters, and recommend you do, too."
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What do you hear about online revenue growth trends at your worksite?
ReplyDeleteNot going well.
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