Internet revenue boosts Gannett as it starts to charge readers for online content – National Post (National Edition)

Posted on July 17, 2012


Gannett Co., the owner of 82 daily newspapers including USA Today, advanced to the highest level since April after growing Internet revenue helped second-quarter profit top analysts’ estimates. Excluding some items, profit was US56¢ a share in the period, the McLean, Va.-based company said Monday in a statement. Analysts had estimated US53¢ on average, according to data compiled by Bloomberg. Gannett posted a 13% gain in digital revenue, helping offset some of the decline in the print business. Chief executive Gracia Martore, who took over in October, is trying to get more customers to pay for its online services. Gannett is starting to charge readers to access its news articles online, a common move within the newspaper industry. The company has converted about half of its newspapers to the so-called paywall. Bloomberg News

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