

Gannett Reports Improvement in Q2, Especially Considering Decrease in Political Spending

Gannett Co., which owns 23 TV stations across the country, reported today that television revenues were up slightly in the second quarter compared to the same period last year.

Gannett TV stations brought in $177.7 million in Q2, a slight improvement over the $177.5 million garnered last year, but a significant boost if you consider that the division saw a net decrease of $8.8 million in political spending.

Adjusted to exclude the impact of the cyclical demand related to political spending, Gannett television revenues were up 5.4% for the quarter.

Gannett also brought in $19.4 million in retrans revenue, up 23.7% from Q2 2010.

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