Gannett Co. Inc. (GCI) said Monday fourth-quarter profit fell to $116.9 million, or $0.49 per share, from $174.1 million, or $0.72 per share, a year ago. Adjusted earnings were $0.72 per share in the recent quarter and $0.83 per share last year.
Eight analysts polled by Thomson Reuters estimated earnings of $0.68 per share. Analysts' estimates usually exclude special items.
Revenues for the period were $1.39 billion, compared to the prior-year's $1.46 billion, as a result of a 7.1 percent drop in publishing advertising revenues and a 14.2 percent drop in broadcasting revenues. Seven analysts polled by Thomson Reuters estimated revenues of $1.39 billion.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.