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

Q2 Earnings: Gannett Broadcasting Revenue Up 88%

gannett logoGannett Broadcasting reported $398.3 million in revenues for the second quarter of 2014, an 88 percent increase compared to the year-ago quarter. The increase was a reflection of Gannett’s acquisition of Belo, as well as higher retransmission revenue and political revenue “across all of our stations,” according to the company.

On a pro forma basis, broadcasting segment revenues were up 13.4 percent and retransmission revenues were up 66.6 compared to the year-ago quarter. Pro forma digital revenues were up 15.2% compared to the second quarter of 2013.

“Our expanded broadcast portfolio drove overall company margin expansion during the quarter, as we continue to transform Gannett into a higher margin, higher growth business,” Gannett CEO Gracia Martore 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!