- Gannett (NYSE:GCI) is 6.4% higher in early going after Q4 results where it took advantage of speeding digital revenue and inched up earnings after growing overall revenues 17%.
- EBITDA of $127M was up $0.7M and beat an expected $106.6M.
- Revenue breakout: Advertising, $531.7M (up 22.4%); Circulation, $297.8M (up 15.5%). Print advertising rose 3.6% to $334.4M, while digital advertising jumped 14.4% to $110.8M.
- Cash flow from operations was $53M; capex was about $15M, mainly for capacity maintenance, technology investments and real estate projects.
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Conference call coming at 10 a.m. ET.
- Press Release