April 25, 2024 2:27 am
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Divorce in the Gannett family: ‘Republic’ and 12News

GabbettBy Mike Sunnucks | Phoenix Business Journal

Newspaper advertising and circulation revenue declined in the first quarter at Gannett Co. Inc. as the owner of The Arizona Republic and KPNX-TV Channel 12 prepares to divorce its broadcasting and publishing divisions.

Newspaper publishing generated 52 percent of Gannett’s $1.5 billion in first quarter revenue, according to the company’s earnings results.

But that $768.2 million in publishing revenue is down 8.8 percent from a year ago. Newspaper advertising revenue was down 11 percent for the quarter while digital media revenue of $333 million was up 85 percent. Part of that stems from Gannett’s purchase of Cars.com.

Gannett (NYSE: GCI) turned a $112.8 million profit for the quarter, up 91 percent from a year earlier.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.