gannett 1Q2007transcript

Gannett held a conference call to discuss its first quarter 2007 earnings. Craig Dubow, Chairman and CEO, provided an overview of Gannett's strategic initiatives and quarterly results. He noted challenges from a soft real estate market and winter weather. However, total revenues were down less than 1%. Gracia Martore, CFO, then provided more details on the financial results. She discussed weaknesses in real estate and employment advertising, particularly in the South and West, due to the housing slowdown. Expenses were well controlled. Overall, Gannett earned $0.90 per share, meeting guidance.