Thursday, July 14, 2005

Paper money

Maybe this will inspire a cute little chart on page one of the Money section. Or maybe not. The publisher of USAToday saw profits drop 4.5% last quarter. "Advertising demand, while growing at local papers, fell nationally as automakers and political groups cut spending." The good news for Gannett: that's changing even as we blog. But one thing will not improve. As "the largest owner of NBC affiliates," Gannett's broadcast unit is in for a colorless fall season.

And just so you know, "growing at local papers" means 3%. You could probably read about that yourself but you'd have to get past the false cover.

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