Gannett Co., Inc.
Industry: Printing & Publishing

Gannett Co., Inc. is an international news and information company that publishes 95 daily newspapers in the USA, including USA TODAY, the nation's largest-selling daily newspaper. The company also owns in excess of 300 non-daily publications in the USA and USA WEEKEND, a weekly newspaper magazine. In the United Kingdom, Gannett subsidiary Newsquest plc publishes more than 300 titles, including 15 daily newspapers. Gannett also operates 22 television stations in the United States and is an Internet leader with sites sponsored by most of its TV stations and newspapers including USATODAY.com, one of the most popular news sites on the web

Business Summary
Gannett Co., Inc. is a diversified news and information company that publishes newspapers, operates broadcasting stations, operates Websites in connection with its newspaper and broadcast operations, and is engaged in marketing, commercial printing, a newswire service, data services and news programming. Gannett is an international company operating primarily in the United States and the United Kingdom. Approximately 84% of its revenues are from domestic operations in 43 states, the District of Columbia and Guam. It has foreign operations in the United Kingdom, Canada, and in certain European and Asian markets. The Company has two principal business segments: newspaper publishing and broadcasting (television).

Financial Summary
For the 39 weeks ended 26 September 2005, revenues increased 4% to $5.54B. Net income from continuing operations decreased 6% to $868M. Revenues reflect higher newspaper revenues due to higher advertising and circulation sales. Net income was offset by an increase in cost of sales & operating expenses, higher selling, general & administrative expenses, increased amortisation of intangible assets and an increase in depreciation expense.