Fall in classified revenue clobbers Gannett

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by mtippett | April 24, 2008 at 10:04 am
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Gannett's, publisher of USA Today and many other newspapers is seeing their stock price and revenues  continue to decline.

Eeesh. Profits for Gannett (GCI),the nation's biggest newspaper company, dove 9%, the company announced Monday morning. Classified revenue -- thanks to the Web -- is off 16%.Total revenue is down 8.4%.

Source: seekingalpha.com



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