Fall in classified revenue clobbers Gannett

24 Apr

Gannett’s, publisher of USA Today and many other newspapers is seeing their stock price and revenues  continue to decline.

Eeesh. Profits for Gannett (GCI),the nation’s biggest newspaper company, dove 9%, the company announced Monday morning. Classified revenue — thanks to the Web — is off 16%.Total revenue is down 8.4%.

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