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Posts Tagged ‘Craig Dubow’

Craig Dubow Resigns as Chairman, CEO of Gannett

Less than a month after taking a medical leave, Craig Dubow has resigned as chairman and CEO of Gannett, the company announced today.

“For me, the decision to step down was difficult, but I must now focus on my health and my family,” Dubow said in a statement. “I will miss working with the talented team at Gannett and firmly believe the company’s best days lie ahead.”

Dubow will be replaced as CEO by Gracia Martore, who has been acting as principal executive officer since in Dubow’s absence. Marjorie Magner has been named chairman of the board.

“I have great admiration for what Craig has achieved in building our business to meet the changing needs of consumers and businesses today,” Martore said in a statement. “We will miss him and wish him and his family the very best.”

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Gannett Chairman and CEO Craig Dubow Will Take Medical Leave of Absence

Gannett Company announced today that chairman and CEO Craig Dubow will take a medical leave of absence “to address continuing issues relating to prior medical conditions.”

Gracia Martore will serve as the company’s principal executive officer during Dubow’s absence. Martore, who also stepped into Dubow’s leadership role during a prior medical leave in 2009, is the company’s president and chief operating officer.

“The Board has confidence in Gracia and our very capable management team to run the day-to-day operations of the company, and we believe Gannett won’t miss a beat at this important juncture,” said presiding director Duncan McFarland, in announcing the news. Read more

Gannett’s TV Revenue Dips 2%

Gannett, which owns 23 stations across the country including KARE in Minneapolis-Saint Paul and WUSA in D.C., announced today that its first quarter TV revenue had dipped 2%, compared to the same period last year.

In a news release, Gannett’s chairman and CEO Craig Dubow blamed the dip on the fact that the company’s NBC-affiliates had the Olympics last year and its CBS-affiliates saw a boost when the network aired the 2010 Super Bowl, which moved to Fox this year.

Overall, Gannett’s TV revenues were $158.3 million for the quarter, compared to $161.3 million last year.  The company points out that it took in $18.6 million in Olympic spending and $2.2 million for ads related to the Super Bowl.

Gannett predicts second quarter revenues to be flat compared to last year.

Gannett’s TV Revenue Up 26%

Gannett Co. announced this morning that its fourth quarter TV revenue was up 26% over the same period in 2009.

Like Media General and Meredith Corp., Gannett saw a big boost in advertising revenue in the last quarter of 2010 due to hotly contested local elections.

Overall, Gannett’s TV revenues were $220.2 million with $52.4 of that coming from political advertising.  Non-political advertising, however, increased a respectable 1.2% in the quarter.

“Broadcasting had an outstanding year in terms of ratings, revenue, and profitability,” said Craig Dubow, chairman and CEO of Gannett, which owns stations in top markets such as Atlanta, Phoenix, Cleveland, and D.C.

“Without a doubt, Gannett today is a stronger company than it was at the beginning of 2010,” Dubow added.