Gannett (GCI) Tops Q1 EPS by 6c
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Gannett Reports First Quarter 2017 Results of Operations
April 25, 2017 7:00 AM EDTRaises Adjusted EBITDA Guidance for Full Year 2017
MCLEAN, Va.--(BUSINESS WIRE)-- Gannett Co., Inc. (NYSE: GCI) ("Gannett" or "company" or "we") today reported first quarter 2017 results of operations.
Recent highlights include:
GAAP net loss of $2.1 million; adjusted EBITDA of $69.7 million. Full Year adjusted EBITDA1 guidance range increased $30 million to $355 to $365 million. Total digital revenues were $234.7 million or 30.3% of operating revenue. Local U.S. markets reported second sequential quarter of same store digital advertising revenue growth, up 3.7% in the... More