From today's third-quarter financial report, here's what Gannett said about the crucial category of digital sales:
Digital revenues in U.S. Community Publishing were up 10.2% in the quarter due to gains in virtually all categories of advertising. USA Today digital advertising increased 35.1% reflecting significantly higher national advertising. (I believe this may be the first time that GCI has broken out USAT's digital growth.)
Digital Segment operating revenues totaled $157.7 million compared to $143.0 million in the third quarter last year. The 10.3% increase reflects very high single-digit revenue growth at CareerBuilder as well as double-digit revenue growth at PointRoll. Digital operating expenses totaled $141.9 million. Excluding special items, operating expenses were $129.0 million in the quarter. As a result, segment operating income excluding special items was up 16.4%.
The digital segment includes results for CareerBuilder, PointRoll, ShopLocal, Planet Discover, Schedule Star and Ripple6.
Company-wide digital revenues, which include the Digital Segment and all digital revenues generated by the other business segments, were $255.7 million or 9.9% higher compared to the third quarter in 2009. Company-wide digital revenues were over 19% of total operating revenues.
Friday, October 15, 2010
10 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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So in other words, the dozens of posts here in the last week or so about digital's profits plunging, digital is a disaster, digital in upheaval, board of directors upset with Martore about digital's performance were all ... lies or wishful thinking?
ReplyDeleteSeems so.
Jim Hopkins cannot control the truth of what is posted here even if he tried (which he doesn't), but it does seem there is enough doom and gloom in the company without bitter people simply making up doomsday scenarios because it makes them feel somehow powerful before they go to bed.
Crowd sourcing. What rubbish.
Digital is a disaster. The only growth has been PointRoll. Period. Ad sales is sucking wind. High School sports is screwed. Josh Resnik's team is non-existent and show up to the office at 10:30a and leave at 4p and most of them "work" from home!
ReplyDeleteThere are big changes coming Digital's way. From GMTI, Planet Discover, High School Sports, odyssey.
My good friend works for Dubow directly as his "right hand" strategist and he told me that Digital is going down.
We want Saridakis back!
ReplyDeleteLarry St. Cyr to the rescue!!!
ReplyDeleteYou're friends with Dubow's "right hand man" and HE told you what Dubow said?
ReplyDeleteUh huh. That sure has the ring of truth.
What nonsense.
Again, what happened to the trinket sales at airports and all those monitors in elevators, I believe it was. I thought those fads were going to save Gannett. Can anyone give updates? Oh, and how much money did that alternative newspaper/website thingy make.
ReplyDeletePointroll is the king...not!!!....too bad the entire team is leaving after they get their big payout!!!
ReplyDeleteFlashtalking baby!!!
Dubow's right hand man is Grey Montgomery...we are all hearing from him about our demise.
ReplyDeleteDoesn't matter if he is his left or right hand. What matters is that Digital is in really bad shape. Almost all of the digital misses are hiding behind Point roll's success. Yes it is true that Point roll's management team will be leaving after they are all paid out and yes it is true as "My Boss" has stated that Gracia Martore is "nervous" and she has dispatched her M&A goon, Mr. Daniel Ehrman to try and negotiate a deal with the point roll team for them to stay.
ReplyDeleteIt is very clear that Point roll is an important part of digital's results and that the real problem is the leadership of the rest of Gannett digital.
The people that report into Josh Resnik, Stacy Cunningham, Steve Fuschetti, Peter Lundquist and Andrew Jacobson are all going to have a big surprise coming their way.
Larry St. Cyr should have been fired a long time ago. We cannot fire him because his wife works in HR. How crazy is that?
ReplyDelete