Gannett Co., Inc. (NYSE: GCI) reported Q2 EPS of $0.67, $0.03 better than the analyst estimate of $0.64. Revenue for the quarter came in at $1.46 billion versus the consensus estimate of $1.48 billion.

"Based on current trends and including a full quarter of results for the former Belo stations, we expect the percentage increase in total television revenues for the third quarter of 2014 to be in the high nineties compared to the third quarter of 2013. On a pro forma basis, the percentage increase in total television revenues in the third quarter of 2014 is projected to be in the high teens compared to the third quarter of 2013."

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