TVNewser LostRemote AgencySpy PRNewser FishbowlNY FishbowlDC SocialTimes AllTwitter AllFacebook InsideFacebook InsideSocialGames InsideMobileApps

Gannett Reports 11% Revenue Increase, Predicts Robust Future with Olympics and Politics

Gannett Co., which owns 23 stations across the country, today announced its financial results for the second quarter, reporting an 11.2% increase in television revenue for the period.

Gannett’s TV stations brought in $197.7 million during the second quarter, compared to $177.7 million for the same period last year.

The increase was sparked by climbing retrans and digital revenues.  Retrans revenue totaled $22.7 million, up 17.1% from the second quarter last year, and digital revenue increased 11.5%.

“Based on current trends, we expect the percentage increase in television advertising revenues to be in the low-thirties for the third quarter of 2012 compared to the same quarter last year, benefiting from the Summer Olympic Games and political advertising,” the company said in a statement.

Mediabistro Course

Social Media Strategy Boot Camp

Social Media Strategy Boot CampStarting November 10, build a complete social media strategy for your brand! Through a series of weeklong webcasts, marketing and social media experts will teach you how to integrate social media into your overall marketing strategy, understand key metrics and analytics, and master the emerging trends in social. Register now!