Gannett Discusses its Online Business

Quote from CEO Craig Dubow from the Gannett Q2 conference call transcript:

As I mentioned, we are focused on continuing to substantially expand our digital business, and as a result, we delivered strong online revenue growth. Online revenues for the total Company were up about 29% for the quarter. Our domestic community newspapers contributed to that growth, an increase in online revenue of 27%.

Online revenue growth in our broadcasting segment was up 63%, and usatoday.com grew 21%. Our latest monthly numbers for June show our domestic websites had about 22 million unique users, and reached over 14% of the Internet audience.

In the UK, Newsquest’s online audience totaled 3.5 million unique visitors, with 46.1 million page impressions. In addition, the CareerBuilder network continues to generate growth and revenues, up 42% compared to the second quarter of 2005. Traffic for the network increased 16% and averaged over 22 million for the second quarter.