Gannett Co, the largest newspaper chain in the United States and publisher of USA Today, reported higher revenue and earnings on Tuesday, benefiting from its acquisition of Belo's TV stations.
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The company said total second-quarter revenue increased 12.1 percent to $1.46 billion from a year earlier. Analysts on average were expecting $1.48 billion, according to Thomson Reuters I/B/E/S.
Earnings excluding special items, such as employee severance, rose 14.4 percent to $154.6 million, or 67 cents per share.