Profit Falls 10% at Gannett as Real Estate Ads Slump
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The newspaper publisher said earnings fell because of slumping real estate ads and a tough comparison with year-ago profits that were boosted by heavy political advertising.
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Lawnmower maker the Toro Company  said on Thursday quarterly earnings slipped in line with falling revenue, but beat estimates as growth in its professional segment helped offset lower domestic residential segment sales.
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CHICAGO - Tribune Co. said Thursday its third-quarter profits dropped 33 percent, pushed lower by investment losses and the cost of settling with advertisers following circulation scandals at two of its newspapers.
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Gannett Co. Inc. , the largest U.S. newspaper publisher, said on Wednesday its quarterly revenue fell because of weaker advertising sales at its local papers, while profit rose with the sale of four papers.
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New York Times Co., the third-largest US newspaper publisher, said third-quarter profit fell 4 percent as advertising revenue at its flagship newspaper lagged and costs for newsprint and a new Sunday magazine rose.
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Annual profits at broadcaster ITV fall  as a result of a continuing decline in advertising revenues.
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Shares of fabric and craft retailer Jo-Ann Stores Inc. (JAS.N: Quote, Profile, Research) sank about 10 percent on Wednesday as the market digested its profit warning.
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Gannett Co. Inc. , the largest  U.S. newspaper publisher, on Wednesday reported an 8.3 percent  drop in its quarterly profit due to a weak advertising  environment and higher newsprint costs.
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The countryâs largest newspaper publisher said Friday that its fourth-quarter profit dropped because of a decline in broadcasting revenue and weak newspaper ad sales.
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A steeper-then-expected drop in the   U.S. housing market pushed Lennar Corp.'s LEN.N quarterly   profit down 39 percent and prompted the home builder on Tuesday   to slash its forecast for the current period.
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Gannett, the nationâs largest newspaper publisher, reported earnings of $365.7 million in the second quarter, but revenues fell when gains from the sale of several newspapers were excluded.
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Home builder Toll Brothers Inc. today reported a 44 percent drop in quarterly profit but predicted the slumping U.S. housing market may have hit bottom, particularly in the Washington region.
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The New York Times Co. NYT.N said on   Thursday it forecast lower third-quarter earnings than during   the same quarter last year because of a "challenging" print   advertising market, sending shares down nearly 5 percent in   after-hours trading.
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The Lennar Corporation said its income fell in the third quarter after a slump in demand forced it to offer incentives to buyers.
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THE REGION New York Times Co.'s debt rating was cut one level to BBB, the second-lowest investment grade, by Standard &amp; Poor's, which cited falling advertising sales and the broader newspaper industry decline. The short-term corporate credit and commercial paper ratings for the New York publisher were also lowered, S&amp;P said. Total advertising revenue fell 8.5 percent to $157.3 million ...
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Tribune Co  said on Friday that its advertising revenue fell 10.3 percent in July to $247 million, driven by declines in real estate and retail ad revenue.
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HORSHAM, Pa. -- Luxury homebuilder Toll Brothers Inc. said Thursday its fiscal second-quarter profit fell sharply, as the company took hefty charges to write down property values amid continued weakness in the housing market.