gannett 3Q2007transcript

Gannett held a third quarter earnings conference call and webcast on October 17, 2007. During the call, Craig Dubow, Chairman and CEO, reported that Gannett earned $1.01 per share from continuing operations for the third quarter. Gracia Martore, CFO, provided additional details on the quarterly results, noting challenges from a tough advertising environment and the housing slowdown impacting certain markets. While expenses were down, revenues declined in newspaper publishing and broadcasting segments due to lower advertising. The call included a question from an analyst about whether Gannett had any inclination to split off its TV group, as other media companies had recently done. Craig Dubow responded that given the relative sizes of G