Gannett (GCI) Misses Q2 EPS by 3c
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Gannett Reports Second Quarter 2016 Results of Operations
July 27, 2016 8:50 AM EDTRevenues Increase Year-Over-Year
Digital-only Subscriptions Grow 40%
GAAP Diluted Earnings Per Share of $0.10, Adjusted Diluted Earnings Per Share of $0.30
MCLEAN, Va.--(BUSINESS WIRE)-- Gannett Co., Inc. (NYSE: GCI) ("Gannett" or "company" or "we") today reported second quarter 2016 results of operations.
Recent highlights include:
Net income of $12.3 million. Adjusted EBITDA of $89.7 million. Adjusted EBITDA margin of 12.0%. National digital advertising revenue up 22.4%, up 18.5% excluding acquisitions. Digital-only subscriptions grew 40%. Completed the... More