Media and publishing company Gannett Co. Inc. said on Tuesday it expects revenue for 2017 to land in the range of $3.15 billion to $3.22 billion. That range is within FactSet expectations, where analysts forecast revenue will hit $3.19 in the year. The USA Today owner also said it expects capital expenditures of roughly $65 million to $75 million, not including real estate projects. "While we anticipate more challenging year-over-year comparisons in the first half of this year due to certain strategic investments and the negative impact resulting from the weaker British pound, we expect our cost operational improvements to more meaningfully impact the second half of the year," Gannett Chief Executive Robert Dickey said in a statement. Shares of Gannett were inactive in premarket trade on Tuesday, but have fallen more than 47% in the trailing 12-month period, while the S&P 500 index is up more than 18% during the same period.
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