Gannett Releases June Statistical Report
McLEAN, VA – Gannett Co., Inc. (NYSE: GCI) reported today that total pro forma operating revenues for the sixth period ended June 30, 2002 increased 1 percent.
Pro forma newspaper advertising revenues in June were almost even with the same period in 2001 on a 4 percent increase in ROP volume and an 8 percent increase in preprint distribution.
Pro forma classified revenues increased modestly in the June period on a 7 percent increase in ad volume. Employment revenues decreased 11 percent. Classified real estate revenues advanced 6 percent, and automotive increased 5 percent.
Pro forma local advertising revenues increased 1 percent on flat ad volume. Once again, the performance of the company’s small and medium-sized advertisers in its domestic newspapers outpaced the revenue performance of its largest advertisers.
Pro forma national advertising revenues decreased 4 percent on a 3 percent decline in ad volume. National ad volume at the company’s local domestic newspapers declined 1 percent. At USA TODAY, advertising revenues declined 5 percent on a 13 percent decline in paid ad pages to 418 from 482. For the year-to-date, USA TODAY’s paid pages numbered 2,414 compared to 2,777 last year, while ad revenues were 9 percent lower.
Pro forma television revenues increased 16 percent in the sixth period. National revenues increased 25 percent and local revenues grew 11 percent.
In addition to the revenue and statistical summary, attached is a chart, which shows the consolidated Gannett Online audience shares for June from Nielsen/Net Ratings. In June, Gannett’s domestic Websites had almost 12 million unique visitors reaching about 10 percent of the Internet audience. Newsquest is also an Internet leader in the U.K.
Ad linage for Newsquest is not included in the ad volume statistics. Circulation volume numbers for Newsquest’s paid daily newspapers are included in the enclosed statistics, but volume from unpaid daily and non-daily publications is not included in the circulation volume statistics.
Gannett Co., Inc. is an international news and information company that publishes 94 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 its TV stations and newspapers including USATODAY.com, one of the most popular news sites on the Web.
Certain statements in this press release may be forward looking in nature or “forward looking statements” as defined in the Private Securities Litigation Reform Act of 1995. The forward looking statements contained in this press release are subject to a number of risks, trends and uncertainties that could cause actual performance to differ materially from these forward looking statements. A number of those risks, trends and uncertainties are discussed in the company’s SEC reports, including the company’s annual report on Form 10-K and quarterly reports on Form 10-Q. Any forward looking statements in this press release should be evaluated in light of these important risk factors.
Gannett is not responsible for updating the information contained in this press release beyond the published date, or for changes made to this press release by wire services, Internet service providers or other media.
Contact:
Gracia Martore
Senior Vice President of Finance and Treasurer
703-854-6918
gmartore@gannett.com
GANNETT CO., INC.
REVENUE & STATISTICAL SUMMARY
Period 6 (June 3, 2002 - June 30, 2002)
%
2002 2001 CHANGE CHANGE
REVENUES:
Advertising:
Local $ 144,643,000 $ 143,718,000 $ 925,000 1
National 61,533,000 63,874,000 (2,341,000) (4)
Classified 152,081,000 151,643,000 438,000 0
------------- ------------- ----------- ----
Total Advertising $ 358,257,000 $ 359,235,000 $ (978,000) (0)
Circulation 102,018,000 101,928,000 90,000 0
Television 59,593,000 51,581,000 8,012,000 16
------------- ------------- ----------- ----
Total Revenue $ 519,868,000 $ 512,744,000 $ 7,124,000 1
============= ============= =========== ====
VOLUME:
Newspaper Inches:
Local 3,010,948 2,997,779 13,169 0
National 337,223 346,560 (9,337) (3)
Classified 4,726,392 4,405,056 321,336 7
------------- ------------- ----------- ----
Total ROP 8,074,563 7,749,395 325,168 4
============= ============= =========== ====
Preprint Distribution
(in thousands) 808,509 751,442 57,067 8
============= ============= =========== ====
NET PAID CIRCULATION:
Morning (w/USAT) 6,765,344 6,797,145 (31,801) (0)
Evening 1,203,733 1,231,459 (27,726) (2)
------------- ------------- ----------- ----
Total Daily 7,969,077 8,028,604 (59,527) (1)
============= ============= =========== ====
Sunday 6,865,947 6,897,868 (31,921) (0)
============= ============= =========== ====
Note: The above revenue and statistics include the pro rata portion from our 50% owned joint operating agencies, consistent with past practice.
The above revenue amounts and statistics have been restated to include all companies presently owned.
Newsquest (which includes Newscom) is a regional newspaper publisher in the United Kingdom with more than 300 titles, including paid and unpaid daily and non-daily products. Circulation volume statistics for Newsquest’s fifteen paid daily newspapers are included above. Circulation volume statistics for Newsquest’s unpaid daily and non-daily publications are not reflected above. Advertising linage for Newsquest publications is not reflected above.
Year-to-Date through June 30, 2002
%
2002 2001 CHANGE CHANGE
REVENUES:
Advertising:
Local $ 889,155,000 $ 896,446,000 $ (7,291,000) (1)
National 347,970,000 364,612,000 (16,642,000) (5)
Classified 870,509,000 910,484,000 (39,975,000) (4)
------------- ------------- ----------- ----
Total Advertising $2,107,634,000 $2,171,542,000 $(63,908,000) (3)
Circulation 646,252,000 647,236,000 (984,000) (0)
Television 358,485,000 334,305,000 24,180,000 7
------------- ------------- ----------- ----
Total Revenue $3,112,371,000 $3,153,083,000 $(40,712,000) (1)
============= ============= =========== ====
VOLUME:
Newspaper Inches:
Local 18,766,338 19,024,098 (257,760) (1)
National 1,936,305 1,942,230 (5,925) (0)
Classified 28,145,046 26,994,619 1,150,427 4
------------- ------------- ----------- ----
Total ROP 48,847,689 47,960,947 886,742 2
============= ============= =========== ====
Preprint Distribution
(in thousands) 5,027,565 4,884,976 142,589 3
============= ============= =========== ====
NET PAID CIRCULATION:
Morning (w/USAT) 6,986,660 7,024,106 (37,446) (1)
Evening 1,221,541 1,248,232 (26,691) (2)
------------- ------------- ----------- ----
Total Daily 8,208,201 8,272,338 (64,137) (1)
============= ============= =========== ====
Sunday 7,008,670 7,063,400 (54,730) (1)
============= ============= =========== ====
Note: The above revenue and statistics include the pro rata portion from our 50% owned joint operating agencies, consistent with past practice.
The above revenue amounts and statistics have been restated to include all companies presently owned.
Newsquest (which includes Newscom) is a regional newspaper publisher in the United Kingdom with more than 300 titles, including paid and unpaid daily and non-daily products. Circulation volume statistics for Newsquest’s fifteen paid daily newspapers are included above. Circulation volume statistics for Newsquest’s unpaid daily and non-daily publications are not reflected above. Advertising linage for Newsquest publications is not reflected above.
GANNETT CO., INC.
REVENUE & STATISTICAL SUMMARY
2nd Quarter 2002 (Apr. 1 - June 30, 2002)
%
2002 2001 CHANGE CHANGE
REVENUES:
Advertising:
Local $ 461,764,000 $ 462,885,000 $ (1,121,000) (0)
National 180,918,000 189,186,000 (8,268,000) (4)
Classified 451,459,000 453,200,000 (1,741,000) (0)
-------------- -------------- ------------- ----
Total Advertising $1,094,141,000 $1,105,271,000 $ (11,130,000) (1)
Circulation 320,627,000 320,353,000 274,000 0
Television 191,299,000 178,691,000 12,608,000 7
-------------- -------------- ------------- ----
Total Revenue $1,606,067,000 $1,604,315,000 $ 1,752,000 0
============== ============== ============= ====
VOLUME:
Newspaper Inches:
Local 9,717,053 9,894,235 (177,182) (2)
National 1,016,831 1,036,127 (19,296) (2)
Classified 14,813,612 13,856,594 957,018 7
-------------- -------------- ------------- ----
Total ROP 25,547,496 24,786,956 760,540 3
============== ============== ============= ====
Preprint Distribution
(in thousands) 2,552,802 2,449,054 103,748 4
============== ============== ============= ====
Note: The above revenue and statistics include the pro rata portion from our 50% owned joint operating agencies, consistent with past practice.
The above revenue amounts and statistics have been restated to include all companies presently owned.
Newsquest (which includes Newscom) is a regional newspaper publisher in the United Kingdom with more than 300 titles, including paid and unpaid daily and non-daily products. Circulation volume statistics for Newsquest’s fifteen paid daily newspapers are included above. Circulation volume statistics for Newsquest’s unpaid daily and non-daily publications are not reflected above. Advertising linage for Newsquest publications is not reflected above.
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Gannett Online Internet Audience June 2002Nielsen/Net Ratings Home/Work Panel Combined Unique Visitors Percentage Reach of Per Month Internet Audience Gannett Online 11,541,000 9.6% Gannett Online includes all domestic Gannett owned Web sites including USATODAY.com.