The Media Drop

The AP reports Tuesday that Gannett stated earnings of $354.4 million, an 8.3% increase over the second quarter of 2003. National and classified advertising had double-digit increases year-over-year, while local advertising revenues were up just under 6%. Gannett’s flagship newspaper, USA Today, had an increase of 15.5% in advertising revenue in the latest quarter, with a 3.9% increase in advertising pages.