Gannett Co., Inc. Reports Non-GAAP Earnings per Diluted Share of $0.58, Increasing 4% Over Prior Year; Earnings per Diluted Share of $0.48 on GAAP basis
Highlights for the quarter include the following: — Agreement to acquire Belo Corp. — Local domestic circulation revenue up 11 percent; fifth consecutive quarter of growth — Broadcasting revenue of $212 million, 3 percent higher than prior year — Company-wide digital revenue growth of 20 percent reaching almost 30 percent of total revenue — New $300 million, two-year share repurchase program replacing current program; existing dividend program will continue