Gannett Executives Present to Media and Entertainment Analysts of New York
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"In addition, our new all-access subscription model has been rolled out in 38 markets and is progressing as anticipated. New ventures like Digital Marketing Services and the
In her remarks, Martore reaffirmed the company's expectation of 2%-4% annual revenue growth and greater earnings growth by 2015. She also reconfirmed that the company is on a path to return more than
Bob Dickey , president ofU.S. Community Publishing ("USCP"), provided an update on second quarter revenue trends and discussed progress in implementing the new all-access subscription model. The model, which was operational in nearly half of USCP markets, reflects the full value consumers place on multi-platform access toGannett 's content. USCP circulation revenue is expected to grow approximately 25% by the end of 2013 and the new model is expected to contribute approximately$100 million to operating profit in 2013.Larry Kramer , president and publisher ofUSA TODAY, outlined plans to leverageGannett 's scale and resources to reimagineUSA TODAY, which celebrates its 30th anniversary in September, as a stronger, more influential news brand. The development and expansion ofUSA TODAY Sports Media Group andTravel Media Group are two early reflections of this ongoing effort to enhance and reintroduceUSA TODAY-branded content and marketing tools to consumers and advertisers on every platform.Gannett Digital Ventures PresidentJack Williams provided an update on Gannett Digital Marketing Services ("DMS"), which offers local clients a comprehensive product suite that includes daily deals, search engine marketing and optimization, social media marketing, website design, and e-mail campaigns. DMS, which thus far has been rolled out in allGannett Broadcasting markets and 35 USCP markets, is expected to generate revenue of$75 million-$100 million in 2012. Williams also reviewed CareerBuilder's strong performance to-date, including its sustained revenue growth in the U.S. in the face of an uneven labor market, as well as growth of its international operations.David Lougee , president ofGannett Broadcasting , said Broadcasting has been performing strongly in the second quarter as a result of retransmission and advertising revenue gains. Lougee also indicated that politically related and Olympic spending would provide significant tailwinds forGannett Broadcasting for the third and fourth quarters of 2012.- Senior Vice President and Chief Digital Officer
David Payne discussed the progress on the work to re-launchGannett 's digital and mobile properties by the end of 2013. He noted that the company'sAtlanta -based Video Production Center, an important component of the digital strategy, is now operational and has already served over two million videos across Gannett.
Guidance:
Webcast:
A replay of today's webcast presentation will be available under "Investor Relations" at www.gannett.com. A transcript of the presentation will be archived in the "Investor Relations" section of the company's web site.
Certain statements in this press release may be forward looking in nature or "forward looking statements" as defined in the Private Securities Litigation Reform Act of 1995. The forward looking statements contained in this press release are subject to a number of risks, trends and uncertainties that could cause actual performance to differ materially from these forward looking statements. A number of those risks, trends and uncertainties are discussed in the company's
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For media inquiries, contact: Jeremy Gaines, Vice President, Corporate Communications, +1-703-854-6049, jmgaines@gannett.com; For investor inquiries, contact: Jeffrey Heinz Director, Investor Relations +1-703-854-6917, jheinz@gannett.com