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