Friday 03. August 2012
GateHouse Media Announces Second Quarter 2012 Results
Second Quarter Highlights — Total digital revenue increased 32.3% versus the prior year. — Total revenues for the second quarter were $128.8 million, down 4.2% from the prior year. — As Adjusted EBITDA decreased 3.6% versus the prior year to $24.3 million. Excluding investments in new strategic growth initiatives, As Adjusted EBITDA was up slightly versus the prior year. — Operating costs and SG&A expense declined $4.5 million from the prior year, or 4.1%, to $106.2 million. Adjusting for one-time items, operating costs and SG&A expense declined 4.7% from the prior year. — Levered Free Cash Flow per share was $0.15 versus $0.17 for the prior year.