Wednesday, July 28, 2010

GCI profit margins -- and that jaw-dropping report

Some of you will recall that I published profit margins and advertising sales figures for each of Gannett's community newspapers in a November 2008 post that drew a lot of attention across the industry.

The data was a year old at the time, covering Periods 1-9 of 2007 -- basically, the first three quarters of that year. I published the figures as Gannett was on the verge of launching its single-biggest layoff, in December 2008.

The figures came from a confidential internal Gannett document called the Cost & Statistical Summary. A reader had supplied a copy to me, so long as I didn't share the full document with anyone. (Here's a glimpse of part of the report.)

Many of the papers listed in the report had eye-popping margins. The Green Bay Press-Gazette led the list, at nearly 43%; it had advertising sales of $25 million over those three quarters, the report said. (The report didn't disclose circulation or other revenues, however.)

I'm recalling that report now because a Gannett Blog reader just sent me an e-mail, wondering if that report is still be published -- or if it was replaced by another report. I said I would put that question to all of you.

What has become of the Cost & Statistical Summary? Please post your replies in the comments section, below. To e-mail confidentially, write jimhopkins[at]gmail[dot-com]; see Tipsters Anonymous Policy in the rail, upper right.

[Image: today's Press-Gazette, Newseum]

3 comments:

  1. Yes - that report still exists but I don't know who would have the balls to send it to you

    ReplyDelete
  2. No kidding. Canary traps aren't just fiction.

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  3. It seemed that many of the papers were doing well, but not well enough to satisfy the suits in corporate and on Wall Street.

    Greed wins again!

    It will be interesting to see newer numbers, particularly those from 2008-09. Let's hope your source comes through again.

    ReplyDelete

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