USA Today Publisher Gannett Revenue Rises 5%

Features Reuters

Gannett Co Inc, publisher of USA Today, reported a 5 percent rise in quarterly revenue, helped by increased broadcasting revenue.

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Net income attributable to Gannett rose to $112.9 million, or 49 cents per share, in the first quarter ended March 29, from $59.2 million, or 25 cents per share, a year earlier.

Revenue rose to $1.47 billion from $1.40 billion.

Gannett's broadcasting revenue rose 3.8 percent to $396.8 million. Broadcasting accounts for about 27 percent of Gannett's total revenue. (Reporting by Subrat Patnaik in Bengaluru; Editing by Maju Samuel)