Lots of numbers thrown around this morning, when Chief Financial Officer Gracia Martore and other Gannett brass spoke to a conference of the Media and Entertainment Analysts of New York, about current quarter and near-term outlooks. For anyone else who listened to the webcast, did Martore say companywide revenue had fallen 24% in the first two months of this year vs. a year ago?
Anonymous@2:39 p.m. posted a good summary, spotlighting an important power shift involving Senior Vice President Chris Saridakis (left), the company's chief digital officer. At 40, he is the youngest member of the powerful Gannett Management Committee.
"What I heard from that conference is that ad losses at GCI widened in January and February, and there was a sharp loss of revenues at the flaghsip USA Today,'' @2:39 wrote in a comment. "The losses of 23% of retail ads, 32% national, and 46% classified ads represents an increase in the losses for the last quarter of 2008. Dubow skirted the question of layoffs, and failed to answer the question if more is in store. The impression I got from the session is that GCI is putting a lot of effort in whatever Saridakis is doing, and that he is the new bright star for GCI, replacing USAT."
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 rail, upper right.