Gannett 4Q income up 30 pct; political ad boost (AP)

Monday, January 31, 2011 6:01 AM By dwi

McLEAN, Va. – Gannett, the country's biggest production publisher, says fourth-quarter earnings jumped 30 percent as political advertising lifted income at its television stations and costs fell.

The someone of army Today and more than 80 another dailies attained $174.1 million, or 72 cents per share, in the quarter. That's up from $133.6 million, or 56 cents per share, in the aforementioned lodge of 2009.

Stripping out one-time items, Gannett Co. says earnings per deal climbed to 83 cents from 70 cents. That's two cents meliorate than analysts surveyed by FactSet expected.

Revenue was essentially insipid at $1.46 billion, roughly in line with cipher prognosticate for $1.47 billion.

Gannett's newspapers rest besieged by competition on the Web. The fourth lodge capped four straightforward eld of income declines at the company's publishing division.


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