US based newspaper publisher Gannett, which owns Newsquest, today reported advertising revenues down 26.0 per cent in the third quarter in the US and by 28.7 per cent in the UK.Gannett's classified revenues were down 36.9 per cent reflecting declines of 33.8 per cent in the US and 34.7 per cent at Newsquest.
Craig Dubow, Gannett chairman and ceo, said: "We finished the quarter on a stronger note with better than anticipated results due primarily to better trends in advertising and greater efficiencies across all our business segments....Although recessions in the US and UK continued to temper demand and revenue growth , we are encouraged by the revenue trends."
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