Gannett made $117.2 million, or 49 cents per share, compared with $77.4
million, or 34 cents per share, a year earlier. Analysts expected 41
cents per share. Revenue fell 4 percent to $1.32 billion, matching
If only one could make moneyat this journalism business:
Already Moody’s Investors Service sees better indications for the
business. The debt-rating agency raised its outlook on the newspaper
industry to “stable” from “negative,” saying that a recovery in ad
spending will ease revenue declines. The rating change could make it
less expensive for newspapers to borrow money.
But hey, there’s always the iPad to save us!