Gannett's CEO Discusses Q2 2011 Results - Earnings Call Transcript

Jul. 18, 2011 11:20 AM ETGannett Co., Inc. (GCI)
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Gannett (NYSE:GCI) Q2 2011 Earnings Call July 18, 2011 10:00 AM ET


Gracia Martore - President and Chief Operating Officer

Craig Dubow - Chairman of the Board, Chief Executive Officer, Chairman of Executive Committee and Member of Digital Technology Committee


James Goss - Barrington Research Associates, Inc.

Douglas Arthur - Evercore Partners Inc.

Craig Huber -

Michael Kupinski - Noble Financial Group, Inc.

Alexia Quadrani - JP Morgan Chase & Co

John Janedis - UBS Investment Bank

Edward Atorino - The Benchmark Company, LLC

Bishop Cheen - Wells Fargo Securities, LLC


Good day, everyone, and welcome to the Gannett Second Quarter 2011 Earnings Conference Call. This call is being recorded. [Operator Instructions] Our speakers for today will be Craig Dubow, Chairman and Chief Executive Officer; and Gracia Martore, President and Chief Operating Officer. At this time, I would like to turn the conference over to Gracia Martore. Please go ahead.

Gracia Martore

Thanks, Carina. Good morning, and welcome to our conference call and webcast to review our second quarter results. Hopefully, you've had the opportunity to review this morning's press releases. You can also find them at

Before we get started, however, I need to remind you that our conference call and webcast today may include forward-looking statements and our actual results may differ. Factors that might cause them to differ are outlined in our SEC filings. This presentation also includes certain non-GAAP financial measures. We've provided reconciliation of those measures to the most directly comparable GAAP measures in the press release and on the Investor Relations portion of our website.

In addition to our earnings release this morning, we announced 2 important capital allocation actions to return more value to our shareholders. Craig will discuss those decisions, briefly review the quarterly results and comment on the status of

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