North Bergen, New Jersey 3/19/2010 1:38:17 AM
News / Business

Stock to Watch Gannett Co Inc. anticipates to meet 1Q Forecasts.

Gannett Co. Inc. plans to meet its First Quarter Expectations.

Gannett Co. Inc. says it is seeing improving trends in advertising revenue and should meet Wall Street expectations with first-quarter earnings. Gannett Co. Inc. trades on the “New York Stock Exchange” under the stock symbol, “GCI”. For the Latest information regarding “GCI”, make sure to visit the Most Exclusive and In Depth newsletter website at:   http://www.wallstreetgrand.com/.

 

 

 

 

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Media Company Gannett Co. (NYSE:GCI) says it is seeing improving trends in advertising revenue and should meet Wall Street expectations with first-quarter earnings. Gannett Co. says that in its publishing division, the percentage drop in ad sales will likely be in the high single digits, or below 10 percent. That would compare with an 18 percent year-over-year decline in the fourth quarter.

Gannett owns USA Today along with more than 80 smaller dailies and 23 TV stations. The advertising slump afflicting almost every major publisher has been softening as the economy improves and comparisons to year-earlier figures get easier.

At a presentation in New York on Thursday, Gannett Chief Financial Officer Gracia Martore said the company expects to match the average Wall Street forecast of 40 cents per share for first-quarter earnings

 

 

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