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In Positive Sign for Local TV, Gannett’s Broadcast Profits Rise

Jul 19, 2010  •  Post A Comment

Gannett Co. recorded $184 million in Q2 broadcast revenue, an increase of more than 20% from last year, reports B&C.

In operating revenue from broadcast, the company posted $78.4 million, an increase of more than 55% from a year ago.

In a statement, Gannett Chairman/CEO Craig A. Dubow, said, "We continued to make progress on our goals to provide engaging, relevant content any way the consumer wants while also expanding our reach and offering better solutions for our advertisers."

The company, which owns 23 TV stations, cited stronger core advertising trends and growth in political spending along with increases in its digital segment.

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